An Explanation That Is Based on the Evidence of the Senses

question 54

Multiple Choice

An explanation that is based on the evidence of the senses and on objective and systematic observation is:

• A) rational.
• B) testable.
• C) empirical.
• D) parsimonious.

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Definitions:

Operating Expenses

Ongoing costs for running a business, excluding the cost of goods sold but including items like rent and salaries.

Digital Cameras

Electronic devices that capture and store photographs in digital format, allowing easy storage, viewing, and sharing.

Retail Price

The selling price of goods or services to the end consumer, typically including costs and markup.

Mark-up on Cost

It is the amount or percentage added to the cost price of goods to cover overhead and profit.