Going from Specific Facts or Observations to General Principles Is

question 318

Multiple Choice

Going from specific facts or observations to general principles is called __________ thought.

• A)creative
• B)deductive
• C)illogical
• D)inductive

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Definitions:

Switching

The process of changing from one product, service, technology, or supplier to another, often assessed for cost benefits or efficiency gains.

Net Present Value

A financial metric that calculates the value today of future cash flows, discounted at a particular rate.

Monthly Interest Rate

The interest rate charged on a loan or realized on an investment over a month's time period.

Credit Policy

A set of guidelines that a company follows to determine credit terms for customers, which can impact cash flow and sales.