Final answer:
True. The use of a line chart to represent the growth of online business transactions over a five-year period is indeed appropriate, as this type of graph effectively shows trends and changes in two variables over time. These graphs are particularly common in economics to depict continuous data, like transaction growth. The correct answer is option 1.
Step-by-step explanation:
The statement that data on the growth of online business transactions over a five-year period would best be shown in a line chart is true. A line graph is highly effective for displaying trends and the relationship between two variables, particularly when they are both changing over a continuous period like time. In business and economics, line graphs are utilized to represent continuous data including, but not limited to, trends in prices, wages, and quantities of goods bought and sold.
It is important to note that while line graphs can provide a clear visualization of data patterns, they can also be misleading if not properly constructed. The perception of the data can be influenced by the way the graph is formatted and presented. For this reason, when creating or interpreting line graphs, it's crucial to consider the scales, labels, and overall context to ensure an accurate understanding of the data.