An Investigator Began with a Precise and Logical Hypothesis

question 94

Multiple Choice

An investigator began with a precise and logical hypothesis.He ran a well-planned and well-conducted experiment to test the deduced consequences of this hypothesis.No evidence was found to support the hypothesis.The investigator should report that

• A) his study was a failure.
• B) the hypothesis was proved false.
• C) the hypothesis is probably true but experimental conditions did not permit the effect to be observed.
• D) None of these is true.

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Definitions:

Total Cost Concept

The total cost concept is an approach in economics and accounting that considers all costs related to the production and delivery of a product or service, including fixed, variable, and indirect costs.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Markup Percentage

The fraction applied on top of the buying price of products to include expenses for overhead and yield a profit.

Markup Percentage

The percentage by which the cost of a product is increased to determine its selling price.