An Analyst Wishing to Present the Results of a Study

question 2

Multiple Choice

An analyst wishing to present the results of a study investigating the estimated total consumption of the product by social class should probably use a______________chart.

• A) pie
• B) line
• C) stratum
• D) bar
• E) divided bar

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Definitions:

Consumption Expenditures

Spending by households on goods and services, excluding new housing.

Value Added

Describes the additional worth created at each stage of production or distribution, calculated as the difference between the cost of inputs and the price of outputs.

Transaction Costs

Expenses incurred during the process of buying or selling goods or services, not including the price of the products themselves.

Product Manufactured

Goods that have been created through a process of transformation from raw materials to finished items.