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Multiple choice

by | Sep 9, 2023 | accounting

1. Larry wants to help his son’s partnership. However, he doesn’t want to risk more than the Christmas bonus he received last year of $11,000. He can

do nothing there’s no way to accomplish his objective.

become a limited partner, or a creditor who loans the money to the partnership.

contribute the $11,000 as a general partner.

contribute the $11,000 as a limited partner but keep an eye on his investment by insisting on being elected the managing partner.

2. The scientific method includes all of the following EXCEPT: (Points: 5)

observation.

hypothesis making.

testing.

the application of knowledge gained.

3. A control group differs from an experimental group: (Points: 5)

in the number of test organisms used.

by the independent variable.

in several ways.

in no way.

4. A theory and a hypothesis are different in that: (Points: 5)

you must have a theory before you can form a hypothesis.

a theory is developed as a result of broad agreement among scientists and a hypothesis is a much less substantiated idea.

a theory is much easier to disprove than a hypothesis.

a theory can never be disproved while a hypothesis can.

  

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