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.

---

Definitions:

Tax Deductible

Expenses that can be subtracted from gross income to reduce the taxable income.

Warranty Liability

An obligation reported on a company's balance sheet that represents the estimated costs of fulfilling the terms of warranties offered on products sold.

Deferred Tax

The amount of income tax payable/recoverable in future reporting periods in respect of temporary differences and tax losses.

Balance Date

The date on which a company's financial year ends and financial statements are prepared to reflect the company's financial position.