Astrologers, Before Attempting to Demonstrate Their Abilities, Often Try to Explain

question 123

Multiple Choice

Astrologers, before attempting to demonstrate their abilities, often try to explain away inaccurate predictions. Such excuses violate the critical-thinking principle of

• A)testability.
• B)scepticism.
• C)Occam's Razor.
• D)replicability.

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders but is kept by the company for reinvestment or debt payment.

End-Of-Period Spreadsheet

A tool used in accounting to compile all balances and adjustments at the end of an accounting period before the preparation of financial statements.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, used to keep track of all business transactions in a company's books.

Revenues

Income generated from normal business operations and other business activities.