A Normative Statement Concerns

question 135

Multiple Choice

A normative statement concerns

• A) what is provable.
• B) what is correct.
• C) what is incorrect.
• D) a value judgment.

Appreciate the challenges and criticisms associated with the federal budget process.

Understand the concept of entitlement programs and their role in federal outlays.

Understand the concept of Net Present Value (NPV) and its relation to the cost of capital.

Comprehend the Internal Rate of Return (IRR) and how it's used in project evaluation.

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Definitions:

Response

A reaction to a specific stimulus or situation.

Primary Reinforcer

A stimulus that is naturally rewarding or satisfying, such as food, water, or sleep, which does not require learning to be effective.

Food

Any nutritious substance that people or animals eat or drink, or that plants absorb, in order to maintain life and growth.

Most People

Generally refers to the majority of individuals in a population or group.