Fallacies in the business world can be fatal when making a decision.
             Fallacies can impede the critical thinking process, causing the decision
             maker to focus on solutions that are not the most appropriate, or confuse
             the issue at hand. For these reasons, it is important to understand what
             fallacies are out there and how they affect the critical thinking process.
             Only by being aware of them is a person able to circumvent their effects.
             The Fallacy of Equivocation Definition:
             The fallacy of equivocation occurs when someone uses a word's
             different meanings in an argument, implying that the word means the same
             thing in each instance. These definitions are often correct within the
             immediate context, however, the arguer performs a semantic shift, gradually
             changing the context of the argument, and thus creating the fallacy
             ("Equivocation, 2004). Equivocation occurs when the word or phrase is
             ambiguous in that it as multiple distinct meanings ("Fallacy files", n.d.).
             The Far-Fetched Hypothesis Definition:
             The far-fetched hypothesis fallacy often offers a implausible theory
             as the correct rationalization, rather than first ruling out a more
             ordinary one (Dowden, 2004). It is a fallacy of inductive reasoning that
             occurs when a person accepts this unreasonable theory, when there is
             another more reasonable theory, often based more on facts, available
             The Hasty Generalization Definition:
             The hasty generalization fallacy is also known as the fallacy of
             insufficient statistics. It is also sometimes known as leaping to a
             conclusion. It is a logical fallacy where the person comes to a
             generalization about a situation with little evidence to support that
             Examples of These Common Fallacies at General Motors Car Assembly Plants:
             Even large companies can fall victim to fallacies. Sometimes, they
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