ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following allows easy comparison of values among several characteristics from a data set?
A
a legend
B
a trend
C
a line graph
D
a bar chart
Explanation: 

Detailed explanation-1: -A comparative bar chart places bars representing sections from the same category adjacent to each other. This allows for a quick visual comparison of the data.

Detailed explanation-2: -Bar charts usually present categorical variables, discrete variables or continuous variables grouped in class intervals. They consist of an axis and a series of labelled horizontal or vertical bars. The bars depict frequencies of different values of a variable or simply the different values themselves.

Detailed explanation-3: -a graphic used for comparing more than one quantity (set of data) at each point along the y-axis (vertical) or x-axis (horizontal); also called a clustered bar chart.

There is 1 question to complete.