An Opinion, Formed Through the Process of Critical Thinking

question 24

Multiple Choice

An opinion, formed through the process of critical thinking,

• A) is a claim made after a person has considered the facts they have chosen to take into account.
• B) expresses a point of view based on logic and the testing of propositions.
• C) is unreliable because it is just that, an opinion.
• D) is usually sound and objective.

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Definitions:

Bonus Rate

An additional rate of interest applied over the standard rate in certain savings accounts or investments as an incentive.

Specific Identification Method

An inventory valuation method that tracks the cost of specific items purchased and sold.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operational costs, from its total revenues.

Management Manipulation

Techniques employed by executives to artificially enhance or depress financial statements for personal or corporate advantage.