Bones Brothers & Associates Prepare Individual Tax Returns

question 44

Multiple Choice

Bones Brothers & Associates prepare individual tax returns. Over prior years,Bones Brothers has maintained careful records regarding the time to prepare a return. The mean time to prepare a return is 90 minutes and the population standard deviation of this distribution is 14 minutes. Suppose 100 returns from this year are selected and analyzed regarding the preparation time. What assumptions do you need to make about the shape of the population distribution of all possible tax preparation times to make inferences about the mean time to complete a tax form?

• A)The population distribution is skewed to the right.
• B)The population distribution is skewed to the left.
• C)The population distribution is normal.
• D)The shape of the population distribution does not matter.

Describe how organisational structures support or hinder innovation.

Understand the relationship between creativity, innovation, and organisational change.

Analyse the nature and impact of change within contemporary businesses.

Outline different types of organisational change and their objectives.

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Definitions:

Correlation Coefficient

A numerical measure of the linear correlation between two variables, ranging from -1 to 1.

Riskless Portfolio

A theorized portfolio of investments that has a guaranteed return, with no risk of financial loss.

Risky Stocks

Shares in companies with high volatility and potential for substantial gains or losses.

Scatter Plot

A graphical representation of the relationship between two variables using dots to represent the value of each.