Which Form of Reasoning Involves Making a Generalised Conclusion from Premises

question 11

Multiple Choice

Which form of reasoning involves making a generalised conclusion from premises referring to particular instances?

• A) Deductive reasoning
• B) Problem solving
• C) Decision-making
• D) Judgement
• E) Inductive reasoning

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Definitions:

Cost Control

The practice of managing and reducing business expenses to increase profits without compromising product or service quality.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the revenue generated from sales.

Operating Expenses

The costs associated with the day-to-day operations of a business, excluding costs related to production.

Depreciation

Depreciation is the accounting process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.