For the Following Scores

question 3

Essay

For the following scores
a.construct a frequency distribution table.
b.sketch a histogram of the frequency distribution.6, 4, 3, 5, 4, 2, 4
5, 4, 6, 1, 4, 5, 2

Explain how consumer preferences lead to the derivation of an individual's demand curve.

Assess how shifts in the budget line affect consumer choices and relate to economic concepts of normal and inferior goods.

Understand the principles and practices of various pay plans, including merit pay, lump sum bonuses, and gain-sharing.

Identify the psychological impacts of pay secrecy and pay transparency on employees and managers.

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Definitions:

AASB 8/IFRS 8

Operating Segments, a standard that requires entities to disclose information about their operating segments, products, services, and geographical areas.

Disclosure Requirements

Rules and regulations that mandate the release of all relevant financial information that could influence the decision-making process of investors, stakeholders, and the public.

Reportable Segments' Revenue

The revenue generated from different segments of a business that meets certain criteria making it significant enough to require separate disclosure in financial reports.

Entity's Revenue

The total amount of income generated by a company from its normal business operations.