As a Lexical Definition, the Definition "'House' Means a Structure

question 253

Multiple Choice

As a lexical definition, the definition "'House' means a structure made of wood and intended for human habitation" may be criticized as:

• A) Failing to indicate the context to which the definiens pertains.
• B) Being vague.
• C) Being too broad.
• D) Being circular.
• E) Being too narrow.

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Definitions:

Journalize

The act of recording transactions in an accounting journal in chronological order.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as an expense on the income statement.

Discount Rate

The discount rate employed to calculate the current value of future cash flows in a discounted cash flow assessment.

Borrower

An entity or individual that receives funds from another party with the agreement to return the principal amount along with interest.