Using Logic & Reasoning to Make Business Decisions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

_____ is a logical process where a conclusion is based on premises that are frequently assumed to be true.

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1. When a company saw a 25% increase in customer cancellations after changing their product, they were able to conclude that customers did not like the recent changes. This is an example of which type of reasoning?

2.

Which type of reasoning is used in this argument?

If we raise customer prices, then we will see a large number of customers cancel service.

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About This Quiz & Worksheet

If you would like to check your knowledge of using logic and reasoning to make business decisions, utilize the quiz and worksheet. Different types of reasoning are topics on the quiz.

Quiz & Worksheet Goals

These topics are addressed on the multiple-choice quiz:

  • Determining if arguments are valid
  • Term referring to a logical process in which a conclusion is based on premises that are usually assumed to be true
  • Different types of reasoning

Skills Practiced

Use these assets to practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the lesson on reasoning and logic in business decisions
  • Interpreting information - verify that you can read information about the different types of reasoning and interpret them correctly
  • Knowledge application - access the knowledge you have gained to determine if example arguments are valid

Additional Learning

Address more topics quickly by using the accompanying lesson titled Using Logic & Reasoning to Make Business Decisions. Use this lesson to:

  • Define logic and premise
  • Compare and contrast deductive, inductive, conditional reasoning
  • See how businesses make important decisions
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