"Tom and Rick Got in a Fight at the Pool

question 14

Multiple Choice

"Tom and Rick got in a fight at the pool earlier in the day, so it had to have been Rick who killed Tom last night." Which logical fallacy best describes this faulty reasoning?

• A) appeal to force
• B) false cause: post hoc ergo propter hoc
• C) begging the question
• D) appeal to a lack of evidence

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Definitions:

Unfavorable Variances

Differences between actual and expected outcomes that negatively affect a business's financial performance.

Favorable Variances

Differences between actual and budgeted financial performance that result in a better-than-expected financial position.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, providing a more useful tool for performance evaluation.

Variable Costs

Costs that vary directly with the level of production or business activity. Examples include raw materials, packaging, and direct labor.