Which Statement Best Describes the Relationship Between Logic and Reasoning

question 44

Multiple Choice

Which statement best describes the relationship between logic and reasoning?

• A)If people reason, they necessarily use logic.
• B)Logic is a necessary and sufficient cause of reasoning.
• C)Logic is a tool to evaluate reasoning.
• D)Logic frames the parameters in which reasoning can occur.

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Definitions:

Present Value

The contemporary valuation of foreseeable future earnings or sequences of cash payments, taking into account a specified interest rate.

Net Present Value Method

A method of evaluating the profitability of an investment by calculating the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Rate Of Return

A financial ratio used to calculate the gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Useful Life

The estimated duration an asset is expected to be functional and economically useful for its intended purpose.