If a Theory Explains a Phenomenon in the Simplest Way

question 12

Multiple Choice

If a theory explains a phenomenon in the simplest way possible, then this theory is ______.

• A)testable
• B)wide in scope
• C)parsimonious
• D)logically consistent

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Definitions:

Bequest

A transfer of personal property or assets to beneficiaries through a will.

Compounded Monthly

Interest calculation method where interest is added to the principal balance monthly, leading to interest on interest.

Monthly Investments

Regular investments made on a monthly basis, often as part of a disciplined strategy to accumulate wealth over time.

Investment

The allocation of resources with the expectation of generating an income or profit, such as stocks, bonds, or real estate.