When Selecting a Chart,it's Important to Choose the Right Type

question 79

Essay

When selecting a chart,it's important to choose the right type of chart to represent your data. If choosing between a pie chart and a line chart,what factors would you evaluate in choosing which chart to use? How would each chart differ in representing your data?

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Definitions:

Spot Exchange Rate

The spot exchange rate is the current exchange rate at which a currency can be bought or sold for immediate delivery.

Initial Recognition

The process of recording an asset or liability for the first time in the financial statements, according to its fair value.

Monetary Item

Financial records and objects that can be valued and expressed in money terms, such as cash or receivables.

Direct Rate

A price or cost that can be directly tied to the production of specific goods or services, without any allocation.