An Explanation Supported by a Large Body of Observations and Experimentation

question 63

Multiple Choice

An explanation supported by a large body of observations and experimentation is referred to as a(n) :

• A)prediction.
• B)theory.
• C)hypothesis.
• D)supposition.
• E)investigation.

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Definitions:

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, and monitor performance against strategic goals.

Not-for-profit

Organizations that operate without the primary goal of financial profit, often focusing on social, educational, or humanitarian objectives.

All Sectors

Refers to every part of an economy, including primary (agriculture), secondary (manufacturing), and tertiary (services) sectors.

Competitors' Costs

The expenses that competitor companies incur in the production and marketing of their goods or services.