A Normative Economic Statement

question 73

Multiple Choice

A normative economic statement

• A)is a hypothesis used to test economic theory
• B)is a statement of fact
• C)is a statement of what ought to be, not what is
• D)indicates what will occur if certain assumptions are true
• E)enables economists to test hypotheses

---

Definitions:

Work Redesign

Modifying job roles and organizational structures to improve employee satisfaction, efficiency, and productivity.

Alberta Oil Sands

A vast reserve of heavy crude oil located in Northern Alberta, Canada, considered to be among the world's largest deposits of petroleum.

Interactional Justice

The perception of fairness regarding interpersonal treatment people receive in organizational procedures and interactions.

Procedural Justice

The fairness and transparency of the processes used to make decisions and resolve disputes within organizations.