A Normative Economic Statement Is

question 205

Multiple Choice

A normative economic statement is:

• A) a statement of fact.
• B) a statement of opinion which advocates a particular position.
• C) not acceptable in the economics profession.
• D) the only acceptable manner to present economic information.
• E) a statement based upon government-supplied information.

Understand the concept of political risk and its impact on international business operations.

Understand the importance of competitive advantage in the global economy.

Recognize the role of an organization's internal culture in shaping attitudes, behaviors, and performance expectations.

Identify different components of the general environment and their effects on organizations.

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Definitions:

Availability Delay

A period where funds or resources are not immediately accessible or ready for use, often due to processing or logistical reasons.

Total Float

The maximum duration a project task can be postponed without impacting the overall project finish date.

Precautionary Motive

The desire to hold cash or liquid assets to safeguard against future uncertainties and unplanned expenses.

Speculative Motive

The intention to hold cash for the purpose of taking advantage of future opportunities that may arise, such as bargain purchases or earning profits from price changes.