The Difference Between a Scientific Theory and a Hypothesis Is

question 113

Multiple Choice

The difference between a scientific theory and a hypothesis is that a hypothesis is:

• A) broader in scope and more substantiated.
• B) narrower in scope and less substantiated.
• C) similar in scope, but more substantiated.
• D) narrower in scope and more substantiated.

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Definitions:

Variable Costing

A costing method where only variable manufacturing costs are included in the cost of goods sold, with fixed manufacturing overhead treated as a period expense.

Absorption Costing

An accounting method that includes all manufacturing costs (both fixed and variable) in the cost of a product.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs, reflecting the actual profitability.

Absorption Costing

A method of accounting that incorporates both variable and fixed manufacturing expenses into the pricing of a product.