Which of the Following Is Used by Members of the Scientific

question 87

Multiple Choice

Which of the following is used by members of the scientific community to minimize bias and reduce errors?

• A) The scientific method
• B) Differential construal
• C) The confirmation bias
• D) None of the above

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Definitions:

ACP

Average Collection Period, indicating the average number of days it takes a company to collect payments from its credit sales.

Du Pont Analysis

A framework for analyzing a company's return on equity (ROE) by breaking it down into its constituent components to assess operational efficiency.

Total Assets Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively management is using shareholders’ funds to generate profit.