What Is a Bar Chart

question 67

Multiple Choice

What is a bar chart?

• A) A type of graph in which a circle is divided into sectors that each represent a proportion of the whole.
• B) A chart or graph that presents grouped data with rectangular bars with lengths proportional to the values that they represent.
• C) A graphical display of data using bars of different heights. It is similar to a bar chart, but a histogram groups numbers into ranges.
• D) A small embedded line graph that illustrates a single trend.

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Definitions:

Insurance Policy

A contract between an insurer and policyholder specifying the terms for the payment of claims to the insured or their beneficiaries in the event of a covered loss.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate accounting period.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.

Credit

An accounting entry that increases liabilities or equity or represents a decrease in assets, also refers to the provision of resources based on trust.