Determine Whether the Type of Reasoning Used Is Inductive or Deductive

question 16

Multiple Choice

Determine whether the type of reasoning used is inductive or deductive reasoning. If a computer tech says it will cost $125 to fix my computer, it will actually cost $200. Since a computer tech told me it would cost $125 to fix my computer, I can expect it to cost me $200.

• A) deductive reasoning
• B) inductive reasoning

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Definitions:

Net Investment

Net Investment refers to the total amount spent on purchasing new capital assets minus the proceeds from the sale of old or obsolete assets.

Depreciation

The gradual decrease in the economic value of the capital stock of a firm, country, or other entity, either through physical wear and tear or obsolescence.

Control

In the context of management or economics, it refers to the ability to direct the behavior of a system or the decisions within an organization to achieve desired outcomes.

Annual Interest Rate

The annual interest rate is the percentage of interest that is charged or earned on an investment or loan over a one-year period.