Predictive Scope

question 12

Multiple Choice

Predictive scope

• A)maintains that a theory has merit and is useful to the extent that it accurately predicts what is observed
• B)maintains that if two competing theories are essentially equal in terms of the first two criteria, then the less complicated one is considered more "elegant"
• C)asserts that a theory must have the quality of being falsifiable or disprovable
• D)refers to the scope or range of the theory and thus the scope or range of the hypotheses that can be derived from it

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Definitions:

Incidental Beneficiary

One who unintentionally gains a benefit from a contract between other parties.

Holder

An individual or entity that legally owns or possesses a document, such as a contract or financial instrument.

Drawer

The party that writes an order or the person who writes a check.

Accommodation Party

A party who signs an instrument to provide credit for another party who has also signed the instrument.