Which statement BEST describes deductive reasoning?
a. It eliminates the need for statistical analysis.
b. It is based on the logical syllogism: major premise, minor premise, and conclusion.
c. It has little application in the interpretation of business research data.
d. It allows a valid conclusion to be sustained by a false minor premise.
b
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The ________ seeks to prevent unfair price discrimination by ensuring that sellers offer the same price terms to customers at a given price level
A) FTC's "Guides against Deceptive Pricing" B) Robinson-Patman Act C) Sherman Act D) Clayton Act E) Automobile Information Disclosure Act
An exculpatory clause is generally unenforceable when:
a. it attempts to release a party from liability for ordinarily negligent behavior. b. it involves public transportation. c. it is written clearly and in bold, large print. d. the affected activity is a recreational activity.
Wurst & Wurst is the accounting firm that has been used by the Intercontinental Bank for over twenty years. Ben approached Alfred, a Wurst partner, at a cocktail party. Ben asked about the Bank's stability. Although Alfred knew that the bank's stock was
overvalued because of some loans to third world countries, he felt a considerable amount of loyalty to the bank for being a good customer of his accounting firm. Alfred told Ben that Wurst had just finished an audit of the bank, and that the bank was as sound as the Rock of Gibraltar. The next day Ben bought 1,000 shares of Intercontinental. One month later, the bank's losses became the subject of a major financial scandal. Ben is angry and wants to sue. Does Ben have a case?
If a profitable firm finds that it simply must "stretch" its accounts payable, then this suggests that it is undercapitalized, i.e., that it needs more working capital to support its operations.
Answer the following statement true (T) or false (F)