Do All Generalizations Have Exceptions

question 57

Multiple Choice

Do all generalizations have exceptions?

• A)Yes, because nothing is true for everyone.
• B)Yes, because no proposition is true of every instance.
• C)No, since, for example, some mathematical principles have no exceptions.
• D)No, since every generalization is true of every instance.
• E)We can't be sure, since there is a lot that we don't know about the world.

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Definitions:

Planning

The process of setting goals, determining resources needed to achieve those goals, and outlining the steps necessary to accomplish them.

Loose Budgets

A financial plan that allows for higher spending and less stringent controls, often to accommodate for uncertainty or to encourage creativity and innovation.

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a specific period of time to ensure liquidity and solvency.

Minimum Cash Balance

The lowest amount of cash that a business decides to maintain in its accounts to ensure sufficient liquidity for routine operations.