Identify Any Fallacies in the Following Passage Either by Naming

question 91

Essay

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
"Richard Nixon once said, 'Tip O'Neill's the most ruthless speaker in history.' Being called 'ruthless' by Nixon is like Ross Perot criticizing your haircut."
-Sandy Grady, Knight-Ridder Newspapers

---

Definitions:

Investing

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Financing Sections

Parts of financial statements or reports that detail how a company finances its operations, typically including borrowing, repaying debt, and issuing equity.

Indirect Method

A way of calculating cash flows for the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital.

Indirect Method

A way of preparing a cash flow statement where net income is adjusted for non-cash transactions, deferrals, and accruals to calculate cash flow from operating activities.