In C++ is it correct to conclude when first statement in 'if' with OR operation returns true, the rest is disregarded?

Question

x = 3, y = 2;
if(++x>0 || ++y>2)

Answer 1

In OR operator when first condition is satisfied then the complier does not test the second condition

Answer 2

In case if first condition isn't satisfied, then the compiler move on to check next condition otherwise as stated by Sami

Answer 3

Yes, as soon as one of the conditions is fulfilled, the operator returns true.