A Basic Error That Nearly All Beginning Psychology Students Make

question 139

Multiple Choice

A basic error that nearly all beginning psychology students make is to assume that

• A)simple theories are preferred to complex ones.
• B)research questions or theories must be falsifiable.
• C)good theories make safe,not risky,predictions.
• D)correlation is causation.

---

Definitions:

COGS

Cost of Goods Sold; the direct costs associated with the production of goods sold by a company, including materials and labor.

Revenue Forecast

An estimate of the amount of money a company will generate from sales in a future period.

Cost Ratio

The measure of the costs associated with a financial transaction or an investment, relative to its benefits or returns.

Planning Assumptions

Presumptions or hypotheses used as a base for strategic planning and decision making within an organization.