Which of the Following Is a Normative Question About an Initiative

question 67

Multiple Choice

Which of the following is a normative question about an initiative to impose a new tax?

• A) What is the expected impact on producers and consumers?
• B) How much revenue is the tax expected to raise?
• C) Is the tax considered to be in the public interest?
• D) All of the above are normative considerations.

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Definitions:

Sales Budget

An estimate of the expected total sales revenue and the necessary selling expenses for a specific period, often broken down by product line or category.

Production Budget

An estimation of the costs associated with the production process, including raw materials, labor, and overhead expenses, for a specific period.

Production Budget

A financial plan that estimates the number of units to be produced to meet sales goals and inventory requirements.

Sales Budget

A financial plan that estimates the revenue from sales for a future period, taking into account factors like historical sales data, market trends, and seasonality.