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:

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.

Payback Method

A capital budgeting technique that calculates the time required to recoup the cost of an investment.

Depreciation

The allocation of the cost of a tangible asset over its useful life.

Net Operating Income

The income earned from a company's everyday business operations, excluding taxes and interest.