How multiple endings logic work?

(I dont know which tag i should use so im using scripting support)

I wanted to know the logic behind the Multiple Endings games.

What comes first in my mind that is a bunch of if elses that makes the code, like:

if EnemyIsDead then
--Ending1
else
--Ending2
end

But i still think thats not the most effective way to do it, or it is?

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