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Default OR formula, ?????

I have Worksheet A containing a list of data:
Red, Yellow, Orange, Purple which is defined in NAME MANAGER as COLOR

Worksheet B on CELL A1, is user input data

A2 has the following formula
=OR(A1=COLOR)

User input : Red = FALSE
Yellow = FALSE
Orange = True
Purple = FALSE

The OR formula should produce TRUE value on the cell for all input that is
true. However, it is not the case. Where is the formula wrong?
 
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