A new non-Answer has brought this silly question to light.
ELSE in the IF is the 100% obvious answer. It is deeply odd that GO TO has to be used whereas ELSE may not be used.
Another way, surprised it didn't come up:
MOVE SECOND TO WS
IF FIRST LESS THAN SECOND
MOVE FIRST TO WS
END-IF
MOVE WS TO RESULT
No ELSE, no GO TO. Extra MOVE executed when FIRST is less than second, though.
To include a GO TO is simple, but stupid. Add a GO TO. A GO TO has to go somewhere (unless using ALTER ... TO PROCEED TO ..., which everyone hopes you weren't), so make a label at the point you want it to arrive, and add the name of that label to the GO TO.
A label is a user-defined word. If referenced (as in this case) it must be unique within a SECTION, if you use SECTIONs, which you don't need to, otherwise unique within the program and whether referenced or not it may not be the same name as something else (like a data-definition or the internal name of a file).
A label is a procedure-name. A procedure-name should terminate with a period/full-stop and the procedure itself should also terminate with a period/full-stop.
What about the MOVE FUNCTION MIN ( ... ) ...
as a solution?
Well, it works. If other staff at your site are not used to it, you will not be thanked for using it (without prior discussion, anyway).
What does it do? Well, in Enterprise COBOL, the compiler generates an extra little area, copies the first argument to that area, tests against the second argument, copies the copy of the first argument, or the second argument, whichever is relevant, to the result.
Vs the ELSE, that is an extra storage area defined, an extra instruction for addressability of that, and an extra Assembler move (MVC) plus the lack of ready recognition.
Better for programmers new to COBOL, used to a multitude of functions in other languages? Not really, as they will be soundly beaten if they don't write programs that can be understood (at 2am) by the rest of the staff.
IF FUNCTION MIN(VAR1 VAR2 VAR3 VAR4 VAR5) = 17
It's another downside of FUNCTION. You see, you can do that. Then, at 2am, when the program has crashed 32 lines later, after VAR1 and VAR3 have been changed, are you going to be able to find the result of that IF in the core dump? Maybe, maybe not. Depends if any other functions, and of what type, have been used. At 2am, you don't want that. Not at all.
On the upside, it is less typing. For those who type, rather than use the editor.