Someone Who Committed the Association Is Causation Fallacy Might Conclude

question 45

Multiple Choice

Someone who committed the association is causation fallacy might conclude that:

• A)event B,which followed event A,was caused by the event A.
• B)event B,which followed event A,was not necessarily caused by event A.
• C)the simplest model is the best predictor.
• D)what is true for the individual is also true for the group.
• E)what is true for the individual is not necessarily true for the group.

---

Definitions:

Weighted-Average Method

A method for determining the cost of goods sold and the value of the remaining inventory by calculating the average cost of all available units for sale.

Conversion Costs

The sum of direct labor and manufacturing overhead costs, representing the costs to convert raw materials into finished products.

Direct Materials

The raw materials that are directly traced and integrated into the final product and are a significant part of the manufacturing cost.

Weighted-Average Method

is an inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.