Explain the differences between an argument by example using inductive reasoning and an argument by definition using deductive reasoning.
What will be an ideal response?
When you use the definition of an idea or a concept as part of your persuasive appeal, you are engaged in an argument by definition. Generally, this is a type of deductive reasoning. You begin with a general definition that makes an argument about a specific case. Whereas, an argument by example can use inductive reasoning by beginning with a few examples that then support the larger claim.
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Customer retention programs are based on what concept?
A. Firms must spend large amounts of money to retain customers. B. Customer relationships should be viewed from a lifetime value perspective rather than on a transaction-by-transaction basis. C. Segmentation, targeting, and positioning analysis should not be rushed. D. It is important to maximize profits in the first few months of a customer relationship. E. Customer excellence is the easiest macro strategy to follow.
Assume that GM common stock has a beta of + 0.8. If you expect the market to go up 20% next year, you should also expect GM's price to go up
A) 16.0%. B) 16.8%. C) 19.2%. D) 30.0%.
Under the Uniform Computer Information Transactions Act, if a consumer makes a unilateral
electronic error in an electronic contract, which of the following is the consumer not required to do in order to avoid being bound by the error? A) Does not use or benefit from the information or make it available to a third party B) Deliver all copies to the other party, or destroys them pursuant to the other party's instructions C) Explain the cause or source of the error to the other party D) Pay the shipping, reshipping and processing costs of the other party E) Upon learning of the error, promptly notifies the other party
A classic statement regarding project termination and closeout is, "The termination of a project is:
A) The start of the next project." B) A project." C) Never ending." D) An opportunity."