The Failure of a Particular Study to Support a Theory

question 7

Multiple Choice

The failure of a particular study to support a theory:

• A) Provides the basis for rejecting the theory as useless or insignificant
• B) Means that the particular study must have flaws in its design or execution in specifying and collecting the data
• C) Threatens the theory, if repeated or more refined studies fail to support it with empirical evidence
• D) Means that the hypothesis was too broad, and did not specify the particular circumstances and conditions in enough detail

---

Definitions:

Income Taxes

Taxes levied by the government on the income generated by businesses and individuals, which vary by income levels and jurisdictions.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding new purchases to the starting inventory and subtracting goods sold.

Inventory Valuation Methods

Techniques used to calculate the cost of goods sold and ending inventory, such as FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and average cost methods.

Gross Profit Method

An accounting technique used to estimate the amount of ending inventory and cost of goods sold, based on the gross profit margin.