As Consumption of Ice Cream Increases During the Year, So

question 806

Multiple Choice

As consumption of ice cream increases during the year, so does the number of aggravated assaults.A politician advocates that ice cream be banned so that the crime rate will go down.Besides needing to be voted out of office, this politician needs to understand

• A) the dangers of a single example.
• B) the difference between observation and inference.
• C) the difference between correlation and causation.
• D) that the Barnum effect occurs only in ten-year cycles.

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Definitions:

Credit

An accounting entry recording an increase in liabilities or equity or a decrease in assets, opposite of a debit.

Terms of Sale

The conditions under which a seller will complete a sales transaction, including payment terms and delivery time.

Sales Returns and Allowances

Refers to the process of refunding or reducing the sale price for previously sold goods that are returned or for which concessions are made.

Accounts Payable

The amount a company owes to suppliers or vendors for goods or services received but not yet paid for.