It Always Rains About an Hour After You Finish Washing

question 42

Multiple Choice

It always rains about an hour after you finish washing your car. Concluding that washing your car caused it to rain is an example of the

• A) fallacy of logic.
• B) post hoc, ergo propter hoc fallacy.
• C) fallacy of inductive reasoning.
• D) ceteris paribus conditions.

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Definitions:

Carrying Value

The book value of assets and liabilities as recorded in the financial statements, excluding any depreciation or amortization.

Par Value

The face value of a bond or stock as stated on the certificate or instrument, not necessarily reflecting its market value.

Maturity

Maturity refers to the date on which the principal or final payment of a debt, loan, or other financial instrument is due to be paid.

Annual Interest

Interest charged or earned over a period of one year on loans, savings, or investments.