Give a business example where an IF function would be useful. How would using the AND or OR functions in the logical_test argument change the way the IF function works?

What will be an ideal response?

An IF function could be used to determine if inventories have fallen too low and need to be restocked. If the level of inventory is below a given level the IF function would return a recommendation to order more, otherwise it would recommend that no order be placed. Nesting the OR or AND functions in the IF function logical_test argument would allow for multiple criteria to be evaluated rather than a lone inventory value.