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Difficulty:
35%
(medium)
Question Stats:
73%
(02:00)
correct 27%
(02:28)
wrong
based on 563
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The chart shows a company’s performance from 2019 to 2024. Sales and cost (in billion USD) are plotted on the left vertical axis. The number of employees (in thousands) is plotted on the right vertical axis.
From each drop-down menu, select the option that creates the most accurate statement based on the information provided.
The cost incurred the greatest year-over-year percentage change from .
The company achieved its highest profit per employee in .
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Select the dropdowns, and click "Submit" to add this question to your Error log.
The chart shows a company’s performance from 2019 to 2024. Sales and cost (in billion USD) are plotted on the left vertical axis. The number of employees (in thousands) is plotted on the right vertical axis.
From each drop-down menu, select the option that creates the most accurate statement based on the information provided.
The cost incurred the greatest year-over-year percentage change from .
The company achieved its highest profit per employee in .
Show more
Drop-down 1:
No need to calculate the change for each year. We are looking for the highest ratio of change to the previous year’s value. From the chart, the largest overall change in cost occurs from 2022 to 2023 — a sharp drop. The 2022 cost is also relatively low compared to other years, which makes the ratio of change to base (2022) even higher. Therefore, the greatest year-over-year percentage change occurred from 2022 to 2023.
Drop-down 2:
Similarly for this question, no calculations are needed. The highest profit (sales minus cost) occurred in 2024, and that year also had the lowest number of employees. A high profit combined with a low employee count makes the profit per employee ratio (profit/employees) highest in 2024.
1. The cost incurred the greatest year-over-year percentage change from 2022 to 2023.
We can see that the greatest CP percentage change occurred from 2022-2023.
2. The company achieved its highest profit per employee in 2024.
As we know, profit = SP-CP, and here, only in the two years 2023 and 2024, SP > CP. In 2023, 115-78=37 and the profit per employee is \(\frac{37}{500}\)=0.074. And, the same goes with year 2024, 138-82=56 and the profit per employee is \(\frac{56}{400}\)=0.14.
Bunuel
The chart shows a company’s performance from 2019 to 2024. Sales and cost (in billion USD) are plotted on the left vertical axis. The number of employees (in thousands) is plotted on the right vertical axis.
From each drop-down menu, select the option that creates the most accurate statement based on the information provided.
The cost incurred the greatest year-over-year percentage change from .
The company achieved its highest profit per employee in .
Pooja, we are asked about "greatest" %age change. From 2022-23, it is negative, whereas in 2023-24, it is positive and if we consider sign, this should be greatest. Why are we considering absolute values here and not actual values?
poojaarora1818
Solution:
1. The cost incurred the greatest year-over-year percentage change from 2022 to 2023.
We can see that the greatest CP percentage change occurred from 2022-2023.
2. The company achieved its highest profit per employee in 2024.
As we know, profit = SP-CP, and here, only in the two years 2023 and 2024, SP > CP. In 2023, 115-78=37 and the profit per employee is \(\frac{37}{500}\)=0.074. And, the same goes with year 2024, 138-82=56 and the profit per employee is \(\frac{56}{400}\)=0.14.
Bunuel
The chart shows a company’s performance from 2019 to 2024. Sales and cost (in billion USD) are plotted on the left vertical axis. The number of employees (in thousands) is plotted on the right vertical axis.
From each drop-down menu, select the option that creates the most accurate statement based on the information provided.
The cost incurred the greatest year-over-year percentage change from .
The company achieved its highest profit per employee in .