The Physical Sciences Contain Some Principles That Are So General

question 150

Multiple Choice

The physical sciences contain some principles that are so general that they apply to all situations. These are termed _________.

• A)laws
• B)theories
• C)axioms
• D)precepts

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Definitions:

Notes Payable

written promissory notes in which the writer agrees to pay a certain amount of money, at a future date or on demand, to the holder of the note.

Revaluation Accounting

A method under International Financial Reporting Standards (IFRS) that allows an entity to adjust the book value of its assets and liabilities to their fair value.

Tangible Assets

Physical assets that have a form you can touch or handle, like buildings, machinery, and land.

Acquirer

The entity that obtains control of another entity (acquiree) in a business combination, typically through the purchase of its equity interests or assets.