Answer:
The correct answer is letter "B": The statement presents the fallacy of composition.
Explanation:
The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.
Answer:
-20.27%
Explanation:
Value = ($14,750 / $18,500) - 1 = -20.27%
Answer:
With 2% inflation during the next 10 years, an item that presently sells for 100 will cost 102 in 10 years' time.
Explanation:
However, if the predicted inflation rate of 2% happens year on year, then the cost of the item will become 121.90 (100 (1+ 2%)∧10), compounded annually. In itself, inflation is the decline of the purchasing power of a given currency over some period of time. It is a quantitative measure of the rate at which the decrease in the purchasing power of the selected currency occurs, and how this is reflected in the price level of a basket of selected goods and services in that economy over some period of time.
Answer:
The right answer is percentage lease.
Explanation:
A percentage lease can be defined as the lease in which the person who takes the place on rent has to give a fixed base rent plus some percentage of the total sales.
In the given scenario, Tyra is giving the base rent plus 10% of her total sales as monthly rent to the owner which corresponds to the percentage lease.
Hence, the most appropriate answer is percentage lease.
