Normative Statements I.describe How the World Is

question 189

Multiple Choice

Normative statements
i.describe how the world is.
ii.describe how the world ought to be.
iii.depend on people's values and cannot be tested.

• A) i only.
• B) ii only.
• C) iii only.
• D) ii and iii.
• E) i and iii.

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Definitions:

Greenhouse Gas Emissions

The release of gases into Earth's atmosphere that trap heat, causing the greenhouse effect and contributing to global warming and climate change.

FASB Requirements

Guidelines and standards for financial accounting and reporting in the United States issued by the Financial Accounting Standards Board.

Accounting Standards

The rules that determine the accounting for individual business transactions.

Sustainability Reporting

The practice of publishing information about a company's environmental, social, and governance (ESG) performance and impact.