Which of the Following Statements Is True About Time-Series Charts

question 34

Multiple Choice

Which of the following statements is true about time-series charts?

• A)Time,usually measured in months or years,is placed on the vertical axis.
• B)The height of the bars is proportional to the frequency or percentage of observations.
• C)Frequencies or percentages are usually placed along the vertical axis.
• D)The changes in the variable must always increase over time.

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Definitions:

Gross Profit Ratio

The gross profit ratio is a financial metric that measures the proportion of money left over from revenues after accounting for the cost of goods sold (COGS), expressed as a percentage.

Estimated Cost

An approximation of the cost or expenditure associated with an activity, project, product, or service, made in the absence of precise information.

Gross Profit Ratio

A financial metric expressing the gross profit as a percentage of net sales, indicating the efficiency of production or service delivery.

Inventory Destroyed

Refers to stock items that have been damaged, expired, or cannot be sold, leading to a loss for the business.