Which Concept Is Defined as Leading from a General Law

question 41

Multiple Choice

Which concept is defined as leading from a general law to a particular observed example of the law?

• A)inductive reasoning
• B)laissez-faire
• C)deductive reasoning
• D)empirical method
• E)law of gravity

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Definitions:

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue, indicating the company’s financial performance.

Owner Withdraw

Transactions where the owners withdraw cash or other assets from the business for personal use.

Capital

Financial assets or the financial value of assets, such as cash, that can be used to fund business operations or investments.

Unit Of Measurement

A definite magnitude of a quantity, defined and adopted by convention or by law, used as a standard for measurement of the same kind of quantity.