Explain in Your Own Words Why a Bar Graph Can

question 50

Essay

Explain in your own words why a bar graph can be misleading if one or both of the scales begin at some value other than zero.

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Definitions:

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes and operating expenses, from its total revenue.

Gross Profit

The difference between revenue and the cost of goods sold (COGS), indicating the basic profitability of a company's core operations.

Gross Profit

The difference between sales and the cost of goods sold, essentially measuring the efficiency of a company in managing its labor and supplies in production.

Intra-entity

Pertains to transactions or activities occurring within the same legal entity.