"I Washed My Car Today and That Is Why It

question 3

Multiple Choice

"I washed my car today and that is why it rained tonight," is an example of which faulty reasoning?

• A)post hoc
• B)ad hominem
• C)ad populum
• D)false analogy

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Definitions:

Direct Method

A way of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding direct material and labor costs.

Liabilities

Amounts owed to creditors in the form of debts and other obligations.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives.