The Assumptions of a Theory

question 39

Multiple Choice

The assumptions of a theory

• A)must be realistic if the theory is to be of any use.
• B)are assumed to be true even when empirical observation rejects the predictions of the theory.
• C)are not necessary for the scientific approach.
• D)are supposed to be as unrealistic as possible.
• E)are indirectly refuted if and when the theory itself is rejected by empirical observation.

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Definitions:

Selling Prices

The actual amount that a customer pays for a product or service, which can include discounts, promotions, and taxes.

Markup

The amount added to the cost price of goods to cover overhead and profit, determining the selling price of the product.

Selling Price

The cost at which an item is offered to buyers in the marketplace.

Manufacturing Costs

Expenses directly related to the production of goods, including raw materials, labor, and factory overhead.