Critical Thinking Questions Case 1-1 You Work in the Sales

question 9

Multiple Choice

Critical Thinking Questions Case 1-1 You work in the Sales department of a company that has three store locations; Downtown, Midtown, and Uptown. You are creating a summarized worksheet about the company's sales to send to the General Manager. So far, you have created a worksheet that lists each store location in cells A4 through A6. Quarterly sales for Downtown are in cells B4 through E4, Midtown are in cells B5 through E5, and Uptown quarterly sales are in  cells B6 through E6.  Write the complete formulas for the Total row, cell C8 to calculate the second quarter sales for the three stores.

• A) =SUM(C4:C6)
• B) =TOT(C4-C6)
• C) =TOT(C4:C6)
• D) =SUM(C4_C6)

---

Definitions:

Behavioral Economics

is a field of economics that studies how psychological, emotional, cultural, and social factors affect economic decisions of individuals and institutions.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Standardization

The process of implementing and developing technical standards based on the consensus of different parties including firms, users, interest groups, standards organizations, and governments.

Cost Economies

Refers to the reduction in average cost of production as a firm increases its size or volume of output, typically achieved through operational efficiencies.