Which of the Following Is an Example of a Normative

question 118

Multiple Choice

Which of the following is an example of a normative statement?

• A)The moon is made of green cheese.
• B)Women should earn the same income as men.
• C)When the price of a good rises, people will buy more of it.
• D)The more time you spend studying, the higher your economics test scores will be.
• E)The more time you spend studying for chemistry, the higher your economics test score will be.

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Definitions:

Satisficing

The process of choosing an adequate solution that meets minimum criteria, often used in decision-making when an optimal solution is unfeasible.

Overconfidence

The state of being overly convinced of one's abilities or correctness, often without sufficient reason or justification.

Decision Rule

A guideline or criteria set for making choices among alternatives in a decision-making process.

Nonprogrammed Decision

Decisions made in response to situations that are unique, are poorly defined and largely unstructured, and have important consequences for the organization.