The Belief That Abstract Universals (Essences)exist and That Empirical Events

question 30

Multiple Choice

The belief that abstract universals (essences) exist and that empirical events are only manifestations of those universals is called:

• A)reification
• B)conceptualism
• C)nominalism
• D)realism

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Definitions:

FOB Destination

This term refers to a shipping agreement where the seller bears the shipping costs and remains responsible for the goods until they are delivered to the buyer's location.

Purchase Discount

A deduction that a buyer receives on the invoice price of a purchase if the payment is made within a specified period.

Prepaid Freight

Costs paid in advance for the transportation of goods, often recorded as an asset on the balance sheet until the service is utilized.

Merchandise Inventory

Goods that a company holds with the intent to sell them as part of its primary operations.