A Researcher Makes a Claim and Then Runs an Experiment

question 7

Multiple Choice

A researcher makes a claim and then runs an experiment to test the claim.The researcher gets results that are quite unexpected but still within the limits of the claim.The researcher should:

• A) disregard luck and think something is wrong with the claim.
• B) abandon the claim.
• C) not use the results to cast doubt on the original claim.
• D) rerun the experiment.

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Definitions:

Accounts Receivable

Money owed to a company by customers for products or services that have been delivered but not yet paid for.

Credit Sales

Sales made on credit, where the buyer is allowed to pay the amount owed at a later date, common in business-to-business transactions.

Bad Debts Expense

An expense reported on the income statement, representing the amount of receivables that a company does not expect to collect due to customer default.

Adjusting Entries

Entries recorded in the journals at the close of an accounting period to assign income and costs to the period they truly relate to.