Why Is Critical Thinking Important

question 4

Multiple Choice

Why is critical thinking important?

• A)It allows the individual to criticize every idea that comes his way.
• B)It allows the individual to criticize every person who comes his way.
• C)It involves the careful evaluation of assumptions,actions,values,and other factors that influence a particular way of being or doing things.
• D)It allows the individual to ignore both weaknesses and strengths in taken-for-granted ways of doing things.
• E)It forbids interaction between researchers from different disciplines.

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Definitions:

Operating Expenses

The costs associated with running a business that are not directly tied to the production of goods or services, such as selling, general, and administrative expenses.

Cash Balance

The amount of cash a company has available at any given moment, reflecting its liquidity position.

Merchandise Inventory

Goods that a retail or wholesale company holds for sale to customers in the ordinary course of business.

Budgeted Balance Sheet

A financial statement that projects the financial position of a company at a future date, estimating assets, liabilities, and equity based on anticipated financial activities and plans.