The Scientific Approach Is Based on All of the Following

question 11

Multiple Choice

The scientific approach is based on all of the following assumptions EXCEPT that:

• A) research is valid only if it disproves the researcher's initial assumptions.
• B) there is a real physical and social world that can be studied scientifically.
• C) empirical tests help gain knowledge of the world.
• D) scientific knowledge must be based on measurable phenomena.

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Definitions:

Effective Rate

The actual interest rate on an investment or loan, taking into account the compounding of interest, as opposed to the nominal rate.

Monthly Rate

The interest rate or any other rate measured over the period of one month, often expressed as a percentage per month.

Principal

The person (client) for whom a service is performed. Amount that is borrowed using credit.

Second Mortgage

A type of subordinate mortgage made while an original mortgage is still in effect, securing the collateral by the same property.