Explanations That Follow the Rules of Logic and Are Consistent

question 3

Multiple Choice

Explanations that follow the rules of logic and are consistent with known facts are

• A)empirical.
• B)rational.
• C)tentative.
• D)parsimonious.

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Definitions:

Public Confidence

is the trust and belief the general public holds in the stability and integrity of institutions, markets, and systems.

Petty Cash Fund

A small amount of cash kept on hand to pay for minor, incidental expenses.

Relatively Large Amounts

Describes financial figures or transactions that are significant in size compared to others within the same context.

Sarbanes-Oxley

A U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures, made in the wake of financial scandals.