If You Know That Your Best Friend Is Allergic to Clams

question 1

Multiple Choice

If you know that your best friend is allergic to clams, oysters, shrimp, and lobster, you know that she is allergic to shellfish. Going from these specific instances of allergy to a general statement that covers all situations illustrates __________ thought.

• A)deductive
• B)inductive
• C)intuitive
• D)creative

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Definitions:

Ethical Lapses

Instances where individuals or organizations fail to act in accordance with their moral or ethical standards.

Civil Prosecution

A legal process initiated by a private party, rather than the state, to seek remedy for a wrong that is believed to have been done to them.

Enron

Enron was a U.S.-based energy company that collapsed after an accounting fraud scandal, becoming a symbol of corporate fraud and corruption.

Financial Statement

Summaries that offer a comprehensive view of a firm's financial status, featuring the balance sheet, income statement, and statement of cash flows.