The Type of Reasoning That Involves Reaching a General Conclusion

question 22

Multiple Choice

The type of reasoning that involves reaching a general conclusion from specific instances is known as

• A) deductive reasoning.
• B) generalization.
• C) reasoning by analogy.
• D) inductive reasoning.

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Definitions:

Work in Process

The cost of unfinished goods in the manufacturing process including labor, raw materials, and overhead.

Finished Goods

Products that have completed the manufacturing process and are ready to be sold or distributed to customers.

Cost Ledger

A subsidiary ledger that records the details of costs associated with the production of goods or services, often part of a larger accounting system.

Materials Ledger

A detailed record keeping system that tracks the quantity and cost of materials on hand, used primarily in manufacturing and production settings.