Which Assumption Is Reflected in Merton's Norms of Science

question 75

Multiple Choice

Which assumption is reflected in Merton's norms of science?

• A) Science is a belief system in which truth is socially constructed.
• B) Science is objective and distinct from other forms of knowledge.
• C) Science is a kind of religion.
• D) Science is a set of secular rituals.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset over its useful life, reducing its book value.

Salvage Value

The estimated residual value of an asset at the end of its useful life, reflecting what it could be sold for or scrapped for parts.

Journal Entries

Journal entries are the basic means of recording financial transactions in the accounting system, consisting of debits and credits.

Double-declining-balance Method

An accelerated depreciation method that doubles the regular depreciation rate, allowing faster write-off of asset value.