A Hypothesis Is A/an

question 5

Multiple Choice

A hypothesis is a/an:

• A) Prediction about an assumed relationship between 2 or more variables.
• B) Educated guess.
• C) Conclusion advanced on the basis of empirical evidence.
• D) Question about the relationship between 2 or more variables.

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Definitions:

Service Business

A service business is a company that provides intangible products or services to consumers, as opposed to selling physical goods.

Business Entities

Organizations that are formed to conduct business and engage in transactions, structured in various forms such as partnerships, corporations, and sole proprietorships, distinguished legally and financially from their owners.

Proprietorship

A type of business entity owned and operated by one individual, where there is no legal distinction between the owner and the business.

Contribution

The sum left over after variable expenses are subtracted from total revenue, which helps in covering fixed expenses and producing profit.