What Is the Correct Order of Applying the Scientific Process

question 90

Multiple Choice

What is the correct order of applying the scientific process to a problem?

• A) hypothesis-question-observation-experimentation-conclusion-analysis
• B) hypothesis-conclusion-question-observation-experimentation-analysis
• C) observation-hypothesis-conclusion-experimentation-analysis-question
• D) observation-question-hypothesis-experimentation-analysis-conclusion
• E) hypothesis-experimentation-observation-analysis-question-conclusion

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Definitions:

IOSCO

Stands for the International Organization of Securities Commissions, which is a global body that sets standards for regulating securities and futures markets.

Convergence

In financial contexts, it can refer to the efforts to harmonize international accounting standards and practices, reducing differences between region-specific frameworks.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing and improving accounting standards within the United States.

Auditing Experience

The professional knowledge and skill gained through performing audits, typically used by accountants and auditors to ensure financial statements are accurate and comply with laws and regulations.