What Is an "Evolving Analogy," as Explained in Chapter 7

question 32

Multiple Choice

What is an "evolving analogy," as explained in Chapter 7?

• A) An argument by analogy that compares an action to some natural process, such as evolution.
• B) A series of arguments by analogy that begin with a simple analogy and gradually make it more complicated to better reflect the real world.
• C) A kind of argument by analogy that focuses on the way an action, process, or institution develops over time.
• D) A set of arguments by analogy that all resemble each other, which can be used together to make an argument about another set of actions.

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Definitions:

Cost Accounting System

A system of accounting for recording, classifying, allocating, and reporting costs associated with the production of goods and services.

Managerial Accounting System

A managerial accounting system focuses on providing financial and non-financial information to an organization's internal managers for decision-making purposes.

Financial Accounting System

A financial accounting system is a structured process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

Value Basis

The method or approach used to determine the value of an asset, liability, or transaction.