Fortunately, the Skills Needed to Run a Small Company Are

question 12

True/False

Fortunately, the skills needed to run a small company are not different from those required to run a larger firm.

---

Definitions:

Raw Scores

A raw score represents the number of questions answered correctly on a test or assessment before any adjustments or transformations.

T score

A standardized type of z-score that typically has a mean of 50 and a standard deviation of 10, used for comparing individual scores.

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most occurrences take place in the middle of the distribution.

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion in a set of values, indicating how much the values in a dataset deviate from the mean.