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Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
One person, speaking to her friends before they attend a political fund-raising party: "Now listen, folks, before we go into this party. You should be prepared to hear all kinds of flattery as they butter you up before they try to pick your pockets. Remember, all they're after is your money."
Weighted-Average
A calculation method that takes into account the varying degrees of importance of the numbers in a data set.
Cost of Goods Sold
The direct financial outlays a company faces for producing the goods it sells, covering both materials and labor.
Perpetual System
An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Replacement Cost
The current cost of replacing an asset with a new one of similar kind and quality.
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