You have been using a variety of nested IF functions to calculate costs in your spreadsheet when a colleague stops by and comments on what you have been working on, suggesting that there is an easier approach to use.
-If you omit the range_lookup value from a LOOKUP function,which of the following is true?
A)The function returns the #NAME? error value.
B)Your function can only search the first column of the lookup table.
C)It is considered an approximate match.
D)It is considered an exact match.

Question

Quizplus · Accepted Answer

When the range_lookup value is omitted from a LOOKUP function, it is considered an approximate match. This means that the function will search for the closest match in the lookup table, rather than an exact match. However, if the lookup table is sorted in ascending order, the function will still return an exact match. Option A is incorrect because omitting range_lookup does not result in the #NAME? error. Option B is incorrect because the function can still search all columns of the lookup table. Option D is incorrect because an exact match is not guaranteed.

You Have Been Using a Variety of Nested IF Functions