The Difference Between the Deductive Approach and the Inductive Approach

question 11

Multiple Choice

The difference between the deductive approach and the inductive approach is that:

• A)the importance of arranging supporting ideas to accentuate the main idea is lesser in the case of the inductive approach.
• B)in the inductive approach the supporting reasons are placed before the primary message.
• C)the deductive approach is more indirect.
• D)the deductive approach is not based on facts but on assumptions.
• E)in the deductive approach the business argument concludes with the primary message.

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Definitions:

Labor Costs

The total expenses incurred by companies for the payment of wages, benefits, and taxes associated with the employment of labor.

Capital Costs

Expenditures for acquiring fixed assets such as buildings, machinery, and equipment, or the costs associated with improving existing assets.

Marginal Product

The rise in production resulting from one more unit of input.

Price of Labor

The compensation workers receive for their contribution to the production process, often synonymous with wage rate.