Case-Based Critical Thinking Questions

question 111

Multiple Choice

Case-Based Critical Thinking Questions
Case 3-1

Column Chart Area Chart
Sarah has put together the same information in two different charts, shown in the figure above, to present to her boss. She is thinking through the pros and cons of each chart type.
-What is one of the weaknesses of the column chart shown above?

• A) too many columns
• B) too few columns
• C) inaccurate data
• D) choice of x- and y-axis

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Definitions:

Cost Function

A mathematical relationship that describes how the costs incurred by a firm change with various levels of output.

Profit-Maximizing

A strategy or approach taken by firms to adjust their production and pricing to achieve the highest possible profit.

Output

The amount of products or services generated by a business, sector, or nation during a specific period.

Auto Repairs

Services provided to fix or maintain vehicles to ensure they are in optimal working condition.