Normative Statements Are

question 60

Multiple Choice

Normative statements are

• A)prescriptive,whereas positive statements are descriptive.
• B)descriptive,whereas positive statements are prescriptive.
• C)backward-looking,whereas positive statements are forward-looking.
• D)forward-looking,whereas positive statements are backward-looking.

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Definitions:

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, typically used as inputs in the production of other goods or services.

Distinctives

Unique characteristics or features that differentiate a product, service, or organization from its competitors.

High Risk

A situation or investment that carries a significant chance of loss or failure.

High Value

Denoting something that possesses great importance, worth, or usefulness, especially in terms of monetary or material worth.