The Graph Below Shows the Average Cost of Renting a Studio

question 33

Essay

The graph below shows the average cost of renting a studio in one city in each of the years 2002 through 2006. By what percentage does the average price increase from 2002 to 2003?
Obtain a second version of the graph by sliding a piece of paper over the bottom of the graph so that the bars start at 300. In this new graph, by what percentage does the price appear to increase from 2002 to 2003? Is the second graph misleading?

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Definitions:

Global Rivals

Companies or entities that compete against each other across international markets and jurisdictions.

Conflict Management Style

Conflict management style is the approach or strategy an individual uses to handle disagreements or conflicts with others.

Avoidance

A strategy or behavior aimed at preventing conflict or steering clear of certain situations due to perceived or real threats.

Indirect Conflict Management

A strategy for dealing with conflict that avoids direct confrontation or negotiation, often through the use of intermediaries, delay, or addressing underlying issues indirectly.