When Scientists Want to Find Out If There Is Empirical

question 20

Multiple Choice

When scientists want to find out if there is empirical evidence,they utilize data,which is defined as __________ facts.

• A) commonsense
• B) deduced
• C) observed
• D) inferred

---

Definitions:

Variable Costing

Variable Costing is an accounting method that only considers variable costs—costs that change with production volume—in product pricing and decision-making.

Net Operating Income

A financial metric that calculates a company's profit after all operating expenses, excluding taxes and interest, have been deducted from total revenue.

Operating Loss

Operating Loss occurs when a company's operating expenses exceed its gross profits, indicating that the core business operations are not profitable.

Absorption Costing

A pricing approach that incorporates all expenses related to manufacturing, such as direct materials, direct labor, and all manufacturing overhead costs, whether they are fixed or variable, into the product's cost.