Which of These Is an Example of Inductive Reasoning

question 5

Multiple Choice

Which of these is an example of inductive reasoning?

• A) Hundreds of individuals of a species have been observed and all are photosynthetic; therefore, the species is photosynthetic.
• B) These organisms live in sunny regions. Therefore, they are using photosynthesis.
• C) If protists are all single-celled, then they are incapable of aggregating.
• D) If two species are members of the same genus, they are more alike than each of them could be to a different genus.

Understand the categorization of different activities (operating, investing, and financing) according to the statement of cash flows.

Comprehend the effects of specific business transactions on the statement of cash flows.

Identify how noncash transactions are reported in financial statements.

Apply the indirect method to prepare the operating activities section of the statement of cash flows.

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Definitions:

Average Total Cost

The aggregate expense of manufacturing (sum of constant and variable expenses) spread over the total units produced.

Marginal Cost

The upsurge in full costs resulting from the fabrication of an additional unit of a product or service.

Marginal-Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good or service changes as production volume changes.

Average-Total-Cost Curve

A curve showing the average total cost of producing different levels of output in the short run.