Tom Used the Internet to Check the Show Time for a Local

question 59

Multiple Choice

Tom used the Internet to check the show time for a local movie he wanted to see. When he arrived at the theater at the time shown online, he found he was late for the start of the movie. Afterwards, Tom told his friend not to use the Internet because it was an unreliable source of information. This is an example of a reasoning fallacy of _____.

• A) hasty generalization
• B) red herring
• C) causal
• D) either-or

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Definitions:

Investment Proposal

A plan or suggestion put forward for consideration by others, typically involving expenditure on assets in expectation of achieving returns.

Simple Rate of Return

The simple rate of return is a financial metric that calculates the percentage increase or decrease in value of an investment over a specific period.

Straight-Line Depreciation

A technique that disperses the expense of a physical asset evenly across its operational lifespan in yearly increments.

Depreciable Equipment

Tangible assets used in operations that lose value over time due to usage, wear and tear, or obsolescence, and thus can be depreciated for accounting and tax purposes.