Operational Definitions Are MOST Closely Associated with Which of the Following

question 145

Multiple Choice

Operational definitions are MOST closely associated with which of the following major advantages of the scientific approach?

• A)C ommon sense approach
• B)Clarity and precision
• C)Intolerance of error
• D)Logical analysis

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Definitions:

T Accounts

A visual representation used in accounting to depict the debit and credit sides of accounts, helping to track and manage financial transactions.

Account Affected

The specific ledger account impacted by a financial transaction, indicating where changes in value are recorded.

Debit and Credit

Accounting terms used to record transactions in the accounts, where debits increase asset or expense accounts and decrease liability, equity, or revenue accounts, and credits do the opposite.

Operations

The day-to-day activities involved in running a business that lead to the production of goods and delivery of services.