In Its 2000 Report, a Company Presented the Following Data

question 10

Essay

In its 2000 report, a company presented the following data regarding its sales (in millions of dollars), and net income (in millions of dollars).
The bar chart below was used to present these data. Assume that you are an unscrupulous statistician and want to make the data appear more positive than they really are.Redraw the graph by being selective about which years to include, getting the desired effect.

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Definitions:

Fictitious Payee Rule

A principle in commercial law that protects the drawer of a check if the check is made payable to a non-existent or not intended recipient, under certain conditions.

Bookkeeper

A person responsible for recording the financial transactions and maintaining the financial records of a business.

Negotiable Instruments

Written documents that guarantee the payment of a specific amount of money to the bearer or to a specific person, under certain conditions.

Fraud in the Inducement

A type of fraud that occurs when a person is deceived into entering into an agreement through misrepresentation of material facts.