How Well a Hypothesis Fits the Facts It Is Intended

question 37

Multiple Choice

How well a hypothesis fits the facts it is intended to explain is a measure of its:

• A) Fruitfulness.
• B) External consistency.
• C) Adequacy.
• D) Internal coherence.
• E) Rationality.

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Definitions:

Independent Reviews

Assessments conducted by outside parties to evaluate the accuracy, fairness, or compliance of processes or financial records.

Bank Reconciliation

The process of matching and comparing transactions recorded in an entity's accounting records against those listed on a bank statement.

Internal Controls

The processes and procedures implemented within an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Accounting Records

Documents and ledgers that record financial transactions and the financial position of an organization, used for analysis and compliance purposes.