The Mode of Inquiry That Is Called the Method of Faith

question 35

Multiple Choice

The mode of inquiry that is called the method of faith is a variant of which other method of inquiry?

• A)the method of empiricism
• B)the rational method
• C)the method of authority
• D)the scientific method

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Definitions:

Variance

A statistical measure that indicates the spread of data points in a dataset around the mean, reflecting the data's volatility.

Risk Averse

The tendency to prefer certainty over risk, where an individual opts for the investment with the least potential for financial loss.

NPV

A financial metric that calculates the total value of a project or investment by discounting future cash flows back to their present value and subtracting initial investment cost.

Scenario Analysis

A business planning technique in which the implications of variations in planning assumptions are explored. Also known as “what-if-ing.”