What Observation Did Albert Einstein Once Make About Science

question 43

Multiple Choice

What observation did Albert Einstein once make about science?

• A)"The whole of science is nothing more than the refinement of everyday thinking."
• B)"The whole of science is nothing more than an interesting intellectual exercise."
• C)"In order to understand science, one must rely solely on abstraction."
• D)"In order to understand science, one must transcend everyday thinking."

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Absorption Costing

An accounting method that includes all manufacturing costs, both fixed and variable, in the cost of a product.

Variable Costing

A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.

Excess Capacity

The amount by which the actual production of a company exceeds its planned production capacity.