If an Experiment Outcome Indicates That the Original Hypothesis Was

question 60

Multiple Choice

If an experiment outcome indicates that the original hypothesis was incorrect, what should the entrepreneur do?

• A)conduct another experiment
• B)adapt the original assumption
• C)move forward until there is another assumption to test
• D)terminate the product or business concept

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Definitions:

Book Value

The net value of a company's assets found on its balance sheet, often calculated as total assets minus intangible assets and liabilities.

Straight-line Method

A method of calculating depreciation which spreads the cost of an asset evenly across its useful life.

Accumulated Depreciation

The cumulative sum of depreciation costs charged to a fixed asset from the time of its purchase.

Gain or Loss

The financial result of disposing or selling an asset or investment, measured by the difference between the sale price and the asset's book value.