If a Theory Makes Only a Few Simple Assumptions Similar

question 127

Multiple Choice

If a theory makes only a few simple assumptions similar to those of other widely accepted theories,what do we say about the new theory?​

• A)It is parsimonious.
• B)​It is inferential.
• C)​It is correlational.
• D)​It is replicable.

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Definitions:

Process Inventory

Inventory that consists of items that are in the production process but have not yet been completed.

Cost System

An accounting system designed to capture, measure, and allocate costs associated with the production of goods or provision of services.

Equivalent Units

A concept in cost accounting used to convert partially completed goods into the equivalent of a full finished unit for inventory valuation.

Conversion Costs

Expenses associated with converting raw materials into finished products, typically including labor and overhead costs.