There Are _____ Steps in the Scientific Method That Psychologists

question 50

Multiple Choice

There are _____ steps in the scientific method that psychologists use when conducting research.

• A)four
• B)five
• C)six
• D)seven

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Definitions:

Cash Receipts

The collection of money, either in the form of cash or checks, received by a business during its operations.

Receivables Period

The median days a company waits to receive money owed by customers for goods or services delivered on credit.

Payables Period

The payables period is a financial metric that indicates the average time it takes for a company to pay its suppliers and vendors.

Accounts Payable Balance

The total amount of money a company owes to its suppliers or vendors for products and services purchased on credit.