Which of the Following Is the Second Step in the Scientific

question 96

Multiple Choice

Which of the following is the second step in the scientific method?

• A)testing through empirical research
• B)evaluating conclusions
• C)drawing conclusions
• D)formulating hypotheses and predictions

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Definitions:

Budgeted Sales

The projected amount of sales, in units or dollars, expected for a specific period.

Ending Inventory

The total value of all unsold goods remaining at the end of an accounting period.

Finished Goods Inventory

The stock of completed products ready for sale but not yet sold, held by a manufacturing company.

Budgeted Production

The planned volume of goods a company aims to manufacture over a certain period, often used for planning and control purposes.