A Criterion for "Truth" Which William James Adopted Early and Retained

question 28

Multiple Choice

A criterion for "truth" which William James adopted early and retained throughout his life,was to accept as true:

• A) ideas which it proved useful to believe in.
• B) only ideas which could not be doubted.
• C) only ideas which had been proven valid by experiment.
• D) only things that he had seen or experienced for himself.

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Definitions:

Idle Capacity

The unused portion of the total available capacity within a company, often resulting in inefficiency and increased costs.

Activity-Based Costing

A costing methodology that assigns costs to products or services based on the activities they require, aiming for more accurate product costing.

Resource Consumption

The use of resources (such as raw materials, energy, or labor) in the production of goods or provision of services.

Activity-Based Costing

A costing method that allocates overhead and indirect costs to related products and services based on the activities that drive costs, rather than on traditional volume measures such as machine hours or labor costs.