Which of the following statements is true of the scientific method?A)The scientific method used by economists and scientists is independent of empiricism.
B)The scientific method can help develop accurate models even when data are unavailable.
C)The scientific method may not reveal a "true" model of the world.
D)The scientific method does not require the models to be tested with data.

Answers

Answer 1
Answer:

Answer:

The answer is: C) The scientific method may not reveal a "true" model of the world.

Explanation:

When economists and scientists use the scientific method they are trying to develop models of the world and then test them with data. Past data is used to try to predict future economic behavior. That doesn´t mean that those models are 100% accurate and true, but rather that they might (or not) apply to specific situations.

Microeconomics relies on the use of the scientific method and econometrics, while the scientific method is not applicable in macroeconomics.

Answer 2
Answer:

Final answer:

Among the options, the true statement is option C: The scientific method may not reveal a 'true' model of the world. The scientific method is meant to minimize bias and enhance result reliability, but that doesn't mean it always reveals the 'true' model of the world, as models can change with new data or perspectives.

Explanation:

Among the statements provided, option C) The scientific method may not reveal a "true" model of the world is true. The scientific method uses a systematic approach to answer questions and understand phenomenon. It's meant to reduce bias and increase the reliability of results, but that does not mean it always reveals an absolute or 'true' model of the world. Scientific models are inherently simplifications of the real world, and they can change as new data or perspectives come to light.

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Since accounting principles differ among countries, the overall global trend is for firms to begin using______________.

Answers

Answer:

The correct answer is International Financial Reporting Standards (IFRS).

Explanation:

The International Financial Reporting Standards (IFRS) are technical accounting standards adopted by the IASB, a private institution based in London. They constitute the International Standards or international norms in the development of the accounting activity and suppose an accounting manual in the way that is acceptable in the world.

The main reason that explains the tendency of the countries towards the application of IFRS, is based on the main objective of the IASB, which is "to develop, seeking the public interest, a single set of global accounting standards that are high quality, understandable and mandatory, that require high quality, transparent and comparable information in the financial statements and other types of financial information, to help participants in capital markets around the world, and other users, to make economic decisions. "

Money invested in a business by either the owner or investors is called:a. payroll
b. equity capital
c. franchise
d. liability

State or federal codes that specifically apply to businesses are called:
a. franchise law
b. patent law
c. business law
d. tax law

Answers

1)D, i think...
2)B, i think... not sure

The building code of River City requires that elevators in public buildings be inspected every nine months. Hal did not have the elevators in his seven story office building inspected for two years. He was brought before a city magistrate and fined $10,000. His offense would be classified as a ________________.

Answers

Answer: Public tort

Explanation: In simple words, public tort refers to the minor breach of contract by an individual. It is considered as a civil offense but still the acts under this act carries a criminal punishment.

In the given case, Hal did not make the elevator inspected in the seventh story for two years, however all other were inspected as per the rules. Thus, we can conclude that he breached the rule on a small level.

Hence from the above we can conclude that his offense would be classified as public tort.

Group norms are _____________________.a.
general, informal standards that determine consequences for breaking rules
b.
general, informal standards for appropriate group behavior
c.
general, formalized standards for appropriate group behavior
d.
general, formalized standards that determine consequences for breaking rules

Answers

Group norms are general, informal standards for determining group behavior. Group norms are often unspoken and are determined by the relationship between individuals that constitute the group over a period of time that may very in length and by group number which may vary in size. Group norms have a strong effect on social interactions and an ability to perceive these norms often leads to better interactive outcomes.

Answer:

B

Explanation:

Tom frequently _______ in the 4 of his friends and family. My Answer:a. medals
b. meddles
c. metals
d. mettles

Answers

The correct answer is meddles. The sentence will be phrased as, Tom frequently meddles in the 4 of his friends and family. 
Medals are a noun which is defined as receiving a reward because of an achievement from a specific field.
Metals are inorganic objects such as Aluminium and others.
Mettles doesnt exist. 

What are basic concepts and principles of morality.

Answers

Basic concept of principles of morality is that what is moral to you may not be moral to me. What is wrong to you might not be wrong to me. 
SO every individual has different perspective in each situation thus respect is the only key to avoid issues.