Fallacy Summary and Application MGT 350 - Critical Thinking: Strategies in Decision-Making July 16, 2005

Fallacy Summary and Application Paper
<Tab/>Fallacy: defined by Merriam-Webster as "deceptive appearance" or "false or mistaken idea". Fallacies are everywhere in the media, workplace, and even the home. Fallacies contain relevance, premises, arguments, and factual errors. In business today, it is important to be able to identify fallacies or organizational profitability could be adversely affected. This paper will define three fallacies, explain their significance to critical thinking, discuss the general application to decision-making, and provide examples that illustr…