If All the Trees a Person Has Seen in His

question 32

Multiple Choice

If all the trees a person has seen in his life have been green and therefore he concludes that all trees are green, which type of reasoning is he using?

• A) deductive reasoning
• B) inductive reasoning
• C) generalized reasoning
• D) conceptual reasoning

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Definitions:

Break-even Price

The market price that a stock or commodity must reach for an investor to recover their initial investment without any profit or loss.

Mark-up

A percentage added to the cost of goods to cover overhead and profit, determining the selling price.

Retail Price

The price at which goods or services are sold to individual consumers in stores or online.

Retailer

A business or person that sells goods directly to consumers.