What Is This Graph Known As

question 2

Multiple Choice

What is this graph known as?

• A)A box-whisker diagram
• B)A scatterplot
• C)A histogram
• D)An error bar chart

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Definitions:

Cost Of Goods Sold

Expenses directly related to the manufacturing of products a company sells, such as raw materials and labor costs.

Gross Profit Method

An inventory estimation method used to calculate the cost of goods sold and ending inventory, based on gross profit margins.

Market Value

Today's selling or buying price for services or assets in a trading environment.

Lower Of Cost

An accounting principle ensuring that inventory is reported at the lower of its original cost or its market value if the market value is less.