For these kinds of expressions, I really like to use the ternary operator. I find that more readable. An if statement with a condition and two simple possible return values like your code can be written as
return (value == 1) ? "Yes" : "No";
The return keyword is not part of the ternary operator. The definition is "<condition> ? <value if true> : <value if false>".
As the operator is an expression, the result of it can be assigned to a variable of course. But in your code example there is no need for a local variable to hold the result so it can just be returned.
If the expressions for the condition, or true or false results get too complicated I'll switch to if/else for readability (the question mark or the colon might get harder to spot).