Process of Science: What Is Occam's Razor

question 75

Multiple Choice

Process of Science: What is Occam's razor?

• A)The idea that scientists should prefer the simpler of two models that agree equally well with observations.
• B)The principle that everyone should agree on a theory before it is considered correct.
• C)A long,steep cliff on Mercury that may have been produced as the planet contracted as it formed.
• D)The principal that any theory can be verified by others.
• E)An unusual implement that Professor Occam uses to remove facial hair.

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company to reinvest in its core business or to pay debt.

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.

Accounting Policies

Particular axioms, frameworks, precepts, rulings, and processes implemented by an enterprise in the arrangement and exhibition of financial narratives.

Forfeited Shares

Shares that have been surrendered or given up by the shareholder, often due to non-payment of share allotment or call money.