When Two Explanations Describe Something Equally Well, ________ Says That

question 22

Multiple Choice

When two explanations describe something equally well, ________ says that we should assume the simpler one.

• A) Newton's hypothesis
• B) Occam's razor
• C) Aristotle's test
• D) Einstein's biggest blunder
• E) the Copernican principle

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Definitions:

Direct Labor

The labor costs directly related to the production of goods, involving workers who physically manufacture or assemble products.

Planning Budget

A budget prepared for a specific level of activity, used for planning and coordinating the financial resources of a company.

Activity Level

Refers to the volume of production or operations, often influencing costs and managerial decisions within a business.

Selling And Administrative Expenses

Expenses related to the selling of products or services and the general administration of a business, not including manufacturing costs.