The Statement That "Peach Ice Cream Is Better Than Chocolate

question 402

Multiple Choice

The statement that "peach ice cream is better than chocolate ice cream"

• A) can be tested using the scientific approach.
• B) is a normative statement.
• C) is a positive statement.
• D) provides a basis for predicting which type of ice cream will exhibit the most sales.

---

Definitions:

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Asset Turnover

A ratio that calculates how effectively a company utilizes its assets to produce sales income.

Sales Revenue

The total amount of money generated from sales of goods or services before any costs or expenses are subtracted.

Invested Capital

The total amount of money invested into a company by shareholders and debtors, used to fund the company's operations and growth.