As a Science, Economics Is Disadvantaged in That

question 13

Multiple Choice

As a science, economics is disadvantaged in that

• A)it is usually not possible to conduct controlled experiments in economics, in contrast with certain other sciences.
• B)some economic variables are determined within the theory.
• C)economic hypotheses cannot be accepted with complete certainty, by contrast with the other sciences.
• D)it deals with human behaviour and thus is not open to empirical testing.
• E)economic variables do not change enough to provide reliable data for testing hypotheses.

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Definitions:

Budgeted Sales

The projected amount of sales, in units or monetary terms, as planned for a future period.

Sales Forecast

A projection of future sales revenue, often based on historical sales data, market trends, and economic conditions.

Growth

Refers to the increase in size, value, or importance of an entity over time.

Sales

The trade of goods or services for financial compensation, which serves as the fundamental revenue generator for the majority of corporations.