The Fallacy of Arguing That a Claim Must Be True

question 13

Multiple Choice

The fallacy of arguing that a claim must be true merely because a substantial number of people believe it is known as…

• A) Appeal to pity
• B) Appeal to popularity
• C) Appeal to tradition
• D) Appeal to common practice

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Definitions:

Earnings Distributed

Refers to the portion of a company's net income that is paid out to shareholders as dividends.

Accumulated Earnings

The total net income retained in a company for growth, expansion, and/ or reserve purposes, not distributed as dividends.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Sales

The total revenue generated from goods or services sold by a company within a specific period.