We Use the Scientific Method Every Day

question 84

Multiple Choice

We use the scientific method every day. Imagine that your car doesnʹt start one morning before school. Which of these is a reasonable hypothesis regarding the problem?

• A) Iʹm going to be late.
• B) I should add a quart of oil.
• C) If I put gas in my car, it will start.
• D) I should check whether the lights were left on and drained the battery.
• E) I should change the battery or the starter.

---

Definitions:

Gains

Increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases in liabilities that result in increases in equity, other than those related to contributions from equity participants.

Significant Risks

Major threats or uncertainties that could potentially impact an entity's operations, financial performance, or reputation significantly.

Economic Benefits

Refers to the advantages or gains, often measured in terms of revenues or savings, that an entity expects to receive as a result of certain actions or investments.

Transaction Costs

Incremental direct costs that are directly attributable to the acquisition, issue, or disposal of a financial asset or financial liability.