In Applying the Scientific Method to the Study of Natural

question 346

Multiple Choice

In applying the scientific method to the study of natural surroundings, scientists are

• A) discovering by observation the absolute truth about limited areas of science and are therefore slowly building up the correct view of the universe.
• B) slowly amassing a vast bank of observations of nature that at some time in the future will be assembled into the correct description of the universe.
• C) formulating hypotheses or models that describe the present observations of nature and that predict possible further tests for these models.
• D) developing a theoretical view of the universe that incorporates all previous ideas and beliefs as part of an overall philosophy.

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Definitions:

Equity Method

A financial recording method where investments in other firms are first noted at their purchase price and later modified to reflect the investor's portion of the investee's earnings or losses.

Common Stock

Equity ownership in a corporation, giving holders voting rights and a share of the company’s profits through dividends.

Goodwill

An intangible asset representing the value of a company's brand, customer relationships, and other non-physical assets that contribute to earnings.

Equity Method

An accounting technique used to assess the profits earned through a company's investment in other firms, where the investment is recorded at original cost and adjusted according to the investor's share of the investee's profit or loss.