Which of the Following Represents the Correct Order of Steps

question 5

Multiple Choice

Which of the following represents the correct order of steps of the scientific method?

• A) Conduct the experiment, develop a hypothesis, form a theory, make an observation
• B) Develop a hypothesis, conduct the experiment, make an observation, form a theory
• C) Form a theory, conduct the experiment, develop a hypothesis, make an observation
• D) Make an observation, develop a hypothesis, conduct the experiment, form a theory

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Definitions:

Profit Opportunities

Situations or conditions that allow for the chance to generate earnings above the norm.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Industry Supply Curve

A graphical representation showing the total quantity of a good that producers within an industry are willing and able to supply at different price levels.

Enter

To participate or become involved in a particular activity or sphere; in business, it may refer to entering a market, indicating the beginning of efforts to compete within a given market area.