Principles-Based Standards Are Deemed to Be More Optimal Than Rules-Based

question 45

True/False

Principles-based standards are deemed to be more optimal than rules-based standards and objectives-based standards.

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Definitions:

Economics

The social science that analyses the production, distribution, and consumption of goods and services.

Arbitrary

Stemming from a random selection or personal impulse instead of being guided by any logical rationale or structured approach.

Representation

The act of speaking or acting on behalf of someone or the depiction of something in art or literature.

Symbol

A symbol is a mark, sign, or word that indicates, signifies, or is understood as representing an idea, object, or relationship.