Which of the Following Is an Example of Graphs Used

question 54

Multiple Choice

Which of the following is an example of graphs used to describe data?

• A) Histograms
• B) Bar charts
• C) Both A and B are correct.
• D) None of the above.

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Definitions:

Resource Allocation

The process of assigning and managing assets in a manner that effectively supports an organization's strategic goals.

Factor Markets

Marketplaces where services of the factors of production (like labor, capital, and land) are bought and sold.

Voluntary Exchange

A transaction where both parties agree to trade goods or services by choice.

Perfect Competition

A market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can affect prices.