Ockham's Razor Is the Principle That States

question 66

Multiple Choice

Ockham's razor is the principle that states

• A) supply creates its own demand.
• B) we must forgo something when making a decision.
• C) costs which have been incurred cannot be avoided.
• D) irrelevant detail should not be included in a model.

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Definitions:

Trademarks

Symbols, names, or phrases legally registered or established by use as representing a company or product.

Tangible Assets

Assets that have a physical form such as machinery, buildings, and land.

Intangible Assets

Assets that have special rights but not physical substance

Physical Substance

A characteristic of an asset that consists of material existence; tangible assets that can be seen, touched, or quantified.