If a Concept Itself Is Vague, Can It Still Have

question 73

Multiple Choice

If a concept itself is vague, can it still have a logical definition?

• A)No, because logical definitions don't allow for vagueness.
• B)No, because it would be impossible to find the right genus for a vague concept.
• C)Yes, but the definition would also be vague.
• D)Yes, but the definition would end up being circular.
• E)Yes, but the definition would end up being too broad or too narrow.

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Definitions:

Investment Project

A project involving the commitment of resources with the expectation of generating future returns or benefits.

Market Price

This term refers to the actual selling price of goods or services in the marketplace at any given time.

Future Net Earnings

The projected amount of money that a company is expected to earn in the future after all expenses and taxes have been deducted.

Business Asset

Resources owned by a company that have economic value and can contribute to future profits.