When Scientists Take an Inquisitive, Challenging Approach to Assumptions and Ideas

question 37

Multiple Choice

When scientists take an inquisitive, challenging approach to assumptions and ideas, they are employing:

• A) confirmation bias.
• B) critical thinking.
• C) common sense.
• D) belief perseverance.

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Definitions:

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of interest and taxes.

Mark-up

The amount added to the cost price of goods to cover overhead and profit.

Unit Cost

The cost incurred to produce, store, or acquire one unit of a product or service.

Overhead Costs

Expenses not directly tied to production but necessary for running the business, like rent, utilities, and administrative salaries.