A Theory Is ____________ ​

question 29

Multiple Choice

A theory is ____________ ​

• A)a relationship between twovariables in which they vary together.
• B)an educated guess by a criminologist about the relationship between twovariables.
• C)a statement in which a variable is denoted as the cause of change in another variable.
• D)an explanation for a phenomenon based on observation, experimentation, and reasoning.

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into financial health.

Gross Profit Method

An accounting technique used to estimate inventory levels and cost of goods sold by applying a consistent gross profit percentage to sales figures.

Retail Method

An inventory accounting method used in retail, estimating the ending inventory value based on the relationship between cost and retail price.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available.