A Professor Knows That If It Is Raining Outside, the Window

question 73

Multiple Choice

A professor knows that if it is raining outside, the window of her office will be wet. She looks at her window and notices that it is wet. She, therefore, concludes that it must be raining outside. Which kind of reasoning is she using?

• A) Affirming the consequent
• B) Affirming the antecedent
• C) Denying the consequent
• D) Denying the antecedent

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Definitions:

Periodic System

A method in accounting where inventory levels are updated in the financial records periodically at the end of a reporting period.

Cost of Goods Sold

The expenses incurred directly from the production of a company's sold products, comprising materials and labor.

Net Income

The income left over after deducting all costs, taxes, and expenses from the total revenue.

Balance Sheet

A financial summary indicating a company's assets, outstanding liabilities, and the total equity of its shareholders at a determined point in time.