A Successful Comparative Inference Will Satisfy Five Criteria, the One

question 8

Multiple Choice

A successful comparative inference will satisfy five criteria, the one called productivity refers to is the ________.

• A) measure of the relative absence of complexity of the comparison
• B) extent to which a comparison captures a greater number of central or essential features
• C) degree of knowledge the listener has about the object to which the unknown is being compared
• D) capacity to project consequences that have the potential to be shown to be false, inapplicable, or unacceptable
• E) capacity to suggest consequences that go beyond those mentioned in the initial comparison

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Definitions:

Financial Statements

Consolidated documents such as the balance sheet, income statement, and cash flow statement that summarize a company’s financial performance.

Adjusting Entries

journal entries made in an accounting system to update accounts for transactions that have not yet been recorded by the end of a period.

Accounting Equation

The fundamental equation of accounting stating that Assets = Liabilities + Shareholder's Equity, underpinning the double-entry bookkeeping system.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent ones, thereby resetting the temporary accounts for the next period.