In This Reading We Encounter St

question 9

True/False

In this reading we encounter St. Anselm's ontological argument for the existence of God and Gaunilo's reply. The argument goes like this: God is by definition "a being than which nothing greater can be conceived." If God, the greatest being that can be conceived, exists only in our minds, then there must be a being greater than God-that is, a God that exists in reality (an existing being is greater than an imaginary one). But this leads to a contradiction: A being greater than God is impossible. Therefore, God must exist in reality (as well as in the mind). Gaunilo replies that if Anselm's reasoning were sound, we could prove something ridiculous-namely, that the greatest island possible exists in reality.
-Rowe asserts that it follows from the definition of magician that some existing thing is a magician.

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Definitions:

Inventory Turnover

A financial ratio that shows how many times a company's inventory is sold and replaced over a specific period.

LIFO

Last In, First Out, an inventory valuation method where the costs of the most recently produced or purchased items are recorded as sold first.

Inventory Unit Costs

The expense associated to procure or manufacture each unit of inventory, vital for calculating cost of goods sold and profitability.

Inventory Turnover

A ratio showing how often a company's inventory is sold and replaced over a certain period of time.