Whenever I Go to the Grocery Store, I Always Stop

question 90

Multiple Choice

Whenever I go to the grocery store, I always stop at Starbucks on the way home. Therefore, going to the grocery store causes me to go to Starbucks. This statement is an example of the

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

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Definitions:

Disclosed

Information that has been revealed or made known, often used in the context of financial statements and reports.

AASB 138

An accounting standard that specifies how intangible assets should be accounted for and disclosed in financial statements.

Indefinite Life

An intangible asset that has no foreseeable limit on the period over which it is expected to generate economic benefits.

Not Amortised

Pertaining to certain assets or costs that are not gradually written off through amortization over their useful life, possibly because they have an indefinite life or a value that cannot be reliably measured over time.