Ockham's Razor Says That We Should Prefer the Simpler Hypothesis

question 132

True/False

Ockham's Razor says that we should prefer the simpler hypothesis, all things being equal.

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Definitions:

Organisational Design

Organisational design is the process of creating structures that best serve a company’s mission and objectives.

Fast Food Franchise

A business model allowing individuals or entities to operate a fast-food outlet of a larger chain, sharing branding, products, and operational guidelines.

Geographical Structures

Geographical structures group together people and jobs performed in the same location.

International Operations

The business activities and processes that a company conducts outside its home country, including production, marketing, and sales activities.