Being Sure There Is Plenty of Evidence Before Drawing Conclusions

question 42

Multiple Choice

Being sure there is plenty of evidence before drawing conclusions will prevent what?

• A)Inductions
• B)Hasty generalizations
• C)Circular reasoning
• D)Mistaken assumptions
• E)Faulty analogies

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Definitions:

Discount Rate

The interest rate charged by central banks on loans to commercial banks or the rate used in discounted cash flow analysis to determine present value.

Simple Interest

Interest determined strictly on the base amount, or on the unpaid segment of that base amount.

Term Deposit

A deposit held at a financial institution for a fixed term that offers a fixed interest rate, where withdrawing money before the term ends usually incurs a penalty.

Bookkeeper

A person responsible for recording the financial transactions and maintaining the financial records of a business.