A Theory That Has the Minimum of Constructs and Assumptions

question 37

Multiple Choice

A theory that has the minimum of constructs and assumptions, yet adequately summarizes and organizes information, is said to be a(n) ________ theory.

• A)parsimonious
• B)operationalized
• C)falsified
• D)simplistic

---

Definitions:

Accounting Information System

A system designed to collect, store, manage, process, retrieve, and report financial data for its users.

Financial Statements

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and statement of cash flows.

Payroll Taxes

Financial obligations required from both employers and employees, usually based on a percentage of the compensation that employers distribute to their staff.

Rent Expense

The cost incurred by a company or individual for using a property or equipment owned by someone else.