Which of the Following Qualifies as Empirically-Based Knowledge

question 84

Multiple Choice

Which of the following qualifies as empirically-based knowledge?

• A)I ntuition
• B)I nsight
• C)C ommon sense
• D)O bserved actions

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Definitions:

Firms

Organizations or business entities engaged in commercial, professional, or industrial activities, aiming to generate profits by providing goods or services.

Proprietorships

Proprietorships, or sole proprietorships, are businesses owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Limited Liability

The liability of the owners of a corporation is limited to the value of the shares in the firm that they own.

Proprietorship

An unincorporated business firm owned by just one person.