Briefly Explain Why the Histogram Below Is Misleading

question 53

Essay

Briefly explain why the histogram below is misleading.

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Definitions:

Functional Areas

Specific categories within a business or organization that are responsible for distinct tasks, such as marketing, finance, or human resources.

Objective And Task Method

A budgeting method where specific objectives are set first, and then tasks are determined to achieve these objectives, with costs attached to these tasks.

Percentage Of Ad Spend Method

A budgeting strategy for advertising where the allocation is based on a fixed percentage of sales or projected sales revenue.

Strategic Planning Process

A systematic approach to defining a business strategy, including setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.