a) Returns an error if a condition is met
b) Returns a specified value if a formula results in an error
c) Checks for errors in the workbook
d) None of the above
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b) Returns a specified value if a formula results in an error
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b) Returns a specified value if a formula results in an error
Answer: b) Returns a specified value if a formula results in an error
The “IFERROR” function in Excel is designed to manage errors in formulas by providing an alternative value or expression when an error occurs. This function is valuable for making spreadsheets more user-friendly and robust. You specify the expression or formula you want to evaluate in the “value” argument, and if it results in an error, the function returns the value you provide in the “value_if_error” argument. This can be used to handle common errors like division by zero or invalid values, ensuring that your spreadsheet presents a more understandable result when errors occur.