Steve Evans Started a Web-Based Business Offering a Mechanism for Buying

question 72

Multiple Choice

Steve Evans started a Web-based business offering a mechanism for buying and selling antiques. Evans has set up his company using the ____ model.

• A) transaction-based
• B) content-based
• C) information-based
• D) premium-based

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Definitions:

Consequent

In a conditional statement, the consequent is the outcome or result that follows from the condition being met.

Fallacy

An erroneous argument based on unsound reasoning or misleading premises.

Affirming Consequent

A logical fallacy where one incorrectly infers the cause from an effect, specifically asserting that since the consequent is true, the antecedent must also be true.

Hypothetical Syllogism

A logical argument that has two premises followed by a conclusion, each of which is a conditional statement.