Which of the Following Statements Is Correct

question 5

Multiple Choice

Which of the following statements is correct?

• A) Accounting is only concerned with recording transactions and does not require professional judgement.
• B) Normative theories tend to maintain the status quo.
• C) The process of deductive reasoning starts with objective setting.
• D) The conceptual framework is developed through an inductive approach.

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Definitions:

Demographic Transition

The transformation of a population from high birth and death rates to low birth and death rates, typically associated with industrial and economic development.

Birthrates

The annual count of live births for every thousand people in a population.

Death Rates

The number of deaths in a particular population, scaled to the size of that population, per unit of time.

Demographic Characteristics

The statistical aspects of a population being analyzed or reviewed, such as age, sex, income, education level, and marital status.