A Key Characteristic of a Good Scientific Theory Is That

question 78

Multiple Choice

A key characteristic of a good scientific theory is that it is a simple explanatory device. This key characteristic is the scientific thinking principle of

• A) ruling out rival hypotheses.
• B) falsifiability.
• C) replication.
• D) Occam's razor/parsimony.

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Definitions:

Operating Income

The profit earned from a firm's normal core business operations, excluding deductions of interest and taxes.

Fixed Costs

Expenses that do not change in proportion to the volume of goods or services a company produces.

Capacity

The maximum output or producing ability of a plant, machine, or company under normal or specific conditions.

Operating Profit

The earnings before interest and taxes (EBIT) generated from a company's core business operations.