The Category "Animal" Has a Graded Structure, Which Means That

question 85

Multiple Choice

The category "animal" has a graded structure, which means that

• A) most of the examples are well known to the general public.
• B) the members of that category are not all equally representative of that category.
• C) procedural knowledge is more important than declarative knowledge.
• D) there is a family resemblance among the members of this category.

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Definitions:

Best-efforts Offering

A type of securities underwriting where the underwriter agrees to sell as much of the offering as possible, but not to purchase the securities outright.

Syndicate

A group of individuals or organizations that come together to conduct business or pursue a common goal, often used in reference to investment and banking sectors.

Bought Deal

An agreement where an underwriter commits to buying the entire issuance of a new security and then reselling it to investors.

Underwriter

An entity or person that evaluates and assumes the risk of another entity's offerings, like securities in an IPO, insurance policies, or loans.