How does the 'If Error' function differ from the 'If' statement when dealing with multiple conditions?

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Grade: Education Subject: Support
How does the 'If Error' function differ from the 'If' statement when dealing with multiple conditions?
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The 'If Error' function is specifically designed to handle errors *during* a calculation. The 'If' statement is more general and can be used to check for various conditions at any point in the spreadsheet's logic, whereas 'If Error' is focused on specific error types.