Exhibit 7.1 The Following Questions Are Based on the Problem Below

question 7

Multiple Choice

Exhibit 7.1
The following questions are based on the problem below.
A company wants to advertise on TV and radio. The company wants to produce about 6 TV ads and 12 radio ads. Each TV ad costs $20,000 and is viewed by 10 million people. Radio ads cost $10,000 and are heard by 7 million people. The company wants to reach about 140 million people, and spend about $200,000 for all the ads. The problem has been set up in the following Excel spreadsheet.
-Refer to Exhibit 7.1. What formula goes in cell D6?

• A) =SUMPRODUCT(B2:B3,B6:B7)
• B) =B2*C2+B6*C6
• C) =SUMPRODUCT(B2:C2,B10:C10)
• D) =SUMPRODUCT(B2:C2,B6:C6)

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Definitions:

Donoghue v. Stevenson

A foundational case in tort law, establishing the principle of duty of care for manufacturers to consumers.

Standard of Care

The degree of care and caution required by an individual, especially as it pertains to the professional or legal duties imposed on them.

Statutory Provision

A specific clause or provision within a statute (law) enacted by a legislative body.

Supervise

To oversee, monitor, and direct the work or tasks of others to ensure proper completion and compliance.