According to the Logical Positivists, Which of the Following Determines

question 5

Multiple Choice

According to the logical positivists, which of the following determines the meaning of an assertion purporting to be about reality?

• A) the intentions of the writer or speaker
• B) the public definitions of the words involved
• C) the use to which the assertion is put
• D) the observations that verify it

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Definitions:

Efficiency

The ratio of the output gained from a system to the input used, typically expressed as a percentage indicating performance or productivity.

Expected Monetary Value

A statistical measure used in decision-making under uncertainty, calculating the average outcome when future events have varying monetary values.

Profit

The financial gain achieved when the amount earned from goods or services exceeds the amount spent on their production or provision.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in financial analysis to assess investment opportunities.