An Example of a Normative Statement Is

question 100

Multiple Choice

An example of a normative statement is:

• A) The rate of unemployment is 4 percent.
• B) A high rate of economic growth creates more jobs for the country.
• C) The federal government spends half of its budget on national defense.
• D) Everyone in the country needs to be covered by national health insurance.

Understand the impact of education on entrepreneurship.

Assess the role and importance of failure in the entrepreneurial process.

Recognize different forms of entrepreneurship and financing mechanisms.

Identify business strategies unique to successful entrepreneurs.

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Definitions:

Strategic Decisions

Major decisions that affect the overall direction and success of an organization, typically related to achieving long-term goals.

Delegation

The process of assigning responsibility and authority to others to carry out specific activities, while retaining overall accountability.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Unanimity

Complete agreement or consensus among all members or parties involved in a particular situation or decision-making process.