The First Step in the Scientific Method Involves the Formation

question 60

Multiple Choice

The first step in the scientific method involves the formation of a(n)

• A)theory.
• B)law.
• C)experiment.
• D)hypothesis.

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Definitions:

At-risk Amount

The maximum amount of money an investor in certain activities can claim as a deduction or loss, limited to the actual cash, property, or borrowed amounts for which they are personally at risk.

Income Items

Various types of earnings, from employment, investments, or other sources, that must be reported on a tax return.

Investor

An individual or institution that allocates capital to investments with the expectation of receiving financial returns.

Materially Participate

Regular, continuous, and substantial involvement in business operations, determining if a tax loss is passive or nonpassive.