Which of the Following Is a Normative Statement

question 157

Multiple Choice

Which of the following is a normative statement?

• A)Flood victims should pay for their own rebuilding.
• B)Recessions lead to increases in the unemployment rate.
• C)When the price of kiwi fruit increases, fewer people eat kiwi fruit.
• D)An increase in the supply of computers has caused computer prices to fall.
• E)Hurricanes strike mainly Florida and North Carolina.

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Definitions:

Process Manufacturing

A production method that adds value by converting raw materials using a continuous or batch process into finished goods.

Unique Items

Unique items refer to goods or products that are distinct due to their characteristics, design, or limited availability, making them stand out from regular or mass-produced items.

Process Cost System

A type of cost accounting system that provides product costs for each manufacturing department or process; a type of cost system that records product costs for each manufacturing department or process within a manufacturing facility.

Cost Of Production Report

A report prepared periodically by a processing department, summarizing (1) the units for which the department is accountable and the disposition of those units and (2) the costs incurred by the department and the allocation of those costs between completed and incomplete production.