Positive Statements

question 137

Multiple Choice

Positive statements:

• A) imply value judgments must be made.
• B) are factual and can be tested.
• C) deal with what ought to be.
• D) are dealt with primarily in microeconomics.

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Definitions:

Suppliers Availability

The readiness and ability of suppliers to provide the necessary goods and services as demanded by the purchasing organization.

Transportation Services

Services that include the movement of goods and people from one location to another using various modes of transport.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function, such as transportation and communication systems, water and power lines.

Fixed Costs

Expenses that do not change with the level of goods or services produced, such as rent, salaries, and equipment leases.