“To solve our transportation problems, we to put more money into production of bicycles.”
The CEO of ABCD Company limited says so. “Which of the following fallacy is committed in the above argument?

Correct option is B

The statement by the CEO of ABCD Company suggesting that investing more money in the production of bicycles will solve transportation problems commits the Appeal to Inappropriate Authority fallacy. This fallacy occurs when an argument relies on the authority of someone who is not an expert in the relevant field. In this case, being a CEO does not necessarily qualify as expertise in transportation solutions or infrastructure, thus making the appeal to this authority inappropriate for supporting the argument about solving transportation issues.
Information Booster:
(a) Slippery Slope: This fallacy argues that a relatively small first step leads to a chain of related events culminating in some significant impact, often negative and far-fetched. This is not what is argued here.
(c) Ad Hominem: This fallacy would involve attacking the character of the person making the argument rather than addressing the argument itself, which is not applicable in this context.
(d) Hasty Generalisation: This occurs when a conclusion is drawn from insufficient or biased evidence. While it could be argued here, the primary issue is the appeal to the CEO’s authority rather than the generalization based on limited data.