Charts and graphics can be unethical when they _____
A) use a consistent scale regardless of result
B) are more than one year old
C) include design elements
D) show data out of context
E) use color to attract the audience's attention
Answer: D
Explanation: D) Graphs can mislead in many ways. They can manipulate the scale, distort perspective, and show data out of context.
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Fixed overhead cost includes all of the following except:
a. Electricity to heat and light the factory. b. Depreciation on machinery computed based on the units of production basis. c. The plant manager's salary. d. The salary of the security guard at the front door.
Product managers are especially common in small, single-product companies.
Answer the following statement true (T) or false (F)
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant purchased merchandise on account for $4,000. Which of the following statements is correct?
A. Gant's quick ratio will increase and its current ratio will decrease. B. Gant's working capital will increase. C. Gant's current ratio will decrease. D. Gant's quick ratio will increase.
Which of the following will destroy negotiability?
A) Leaving the name of the payee off a check B) Making the check payable in British pounds C) Signing a check with an "X" D) Postdating the check