Which of the Following Is an Example of a Normative

question 45

Multiple Choice

Which of the following is an example of a normative statement?

• A) Tom is a college student.
• B) Immigration into the United States should be encouraged.
• C) The cost of basic health insurance rose from the previous year.
• D) The federal minimum wage is $7.25.

---

Definitions:

Bank Statement Adjustment

The process of reconciling differences between the balance shown on a bank statement and the amount shown in a company's financial records.

Interest Revenue

Income that is earned from investments, loans, or any other interest-bearing assets.

Internal Control

A process designed to ensure the reliability of financial reporting, compliance with laws and regulations, and effective and efficient operations.

Monitoring

Involves the continual oversight of activities, processes, or systems to ensure they are functioning correctly and achieving desired outcomes.