Which of the Following Statements Is Illustrative of the Post

question 117

Multiple Choice

Which of the following statements is illustrative of the post hoc fallacy?

• A)Believing that because someone is specially trained,he or she is more likely to become a professional athlete
• B)Believing that because someone has benefitted from the best coaching,he or she will have a good chance of becoming a professional athlete
• C)Believing that because someone is muscular in body type,he or she is more likely to become a professional athlete
• D)Believing that because most professional athletes lift weights,weightlifting produces professional athletes

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Definitions:

Journalized

Journalized is the process of recording transactions in a journal, detailing the financial activities and changes in accounts in a chronological order.

Cash Flows

This refers to the total amount of money being transferred into and out of a business, affecting the company's liquidity.

Adjusted Trial Balance

A trial balance prepared after all adjustments, including accruals and deferrals, have been made to ensure debits equal credits before financial statements are prepared.

Comparative Balance Sheets

Financial statements that present the financial position of a company at different points in time for comparison.