BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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having the quality of authenticity and also authoritative
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The ability analysing and forecast future events
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Must be wide acceptance
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verifiable through testing of hypothesis
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Detailed explanation-1: -In political philosophy, an ideal theory is a theory which specifies the optimal societal structure based on idealised assumptions and normative theory. It stems from the assumption that citizens are fully compliant to a state which enjoys favorable social conditions, which makes it unrealistic in character.
Detailed explanation-2: -One lesson is that the reason a “good” theory should be testable, be coherent, be economical, be generalizable, and explain known findings is that all of these characteristics serve the primary function of a theory–to be generative of new ideas and new discoveries.
Detailed explanation-3: -According to Cramer (2013), six characteristics of a good theory are comprehensiveness, precision and testability, parsimony, empirical validity, and both heuristic and applied value.
Detailed explanation-4: -While there are a wide range of frequently used quantitative budget forecasting tools, in this article we focus on four main methods: (1) straight-line, (2) moving average, (3) simple linear regression and (4) multiple linear regression.