Assumptions Are Sometimes Necessary Because

question 49

Multiple Choice

Assumptions are sometimes necessary because:

• A) controlled experiments need to reflect the way things happen in real life
• B) there are often many factors in an analysis and it helps to focus our thinking
• C) every model is different and that must be explained clearly
• D) short-term effects differ from long-term effects

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Definitions:

Sole Proprietorships

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.