-In the Above Figure, the Axis Break in the X-

question 144

Multiple Choice

-In the above figure, the axis break in the x- axis

• A)shows that there is no relationship between inflation and unemployment.
• B)misleadingly shows that inflation has changed very little even though the unemployment rate has increased a great deal.
• C)reflects the fact that for the years covered in the figure, the unemployment rate was never less than 3 per cent.
• D)implies that for the years covered in the figure, the inflation rate was always greater than 1 per cent.

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Definitions:

Operating Expenses

Costs associated with a company’s operational activities, excluding direct labor and materials, that are necessary to run the business.

Sales Revenues

The total amount generated from selling goods or services before any expenses are subtracted.

Cash Operating Costs

The expenses a company incurs during its normal business operations that require cash payments, such as rent, utilities, and payroll.

Annual Depreciation

The portion of the cost of a fixed asset that is allocated as an expense in each accounting period during its useful life.