Which of the Following Is an Example of a Normative

question 158

Multiple Choice

Which of the following is an example of a normative statement?

• A)Car prices should be affordable.
• B)If cars become more expensive,fewer people will buy them.
• C)Cars emit pollution.
• D)Fewer people die in larger cars than in smaller cars.
• E)If wages increase,firms will fire some workers.

Recognize the key factors that contribute to the success or failure of small businesses.

Understand the support systems available for small businesses, including business incubators and development centers.

Recognize the significance of strategic, entrepreneurial, and financial leadership in the growth of a business.

Understand the concept of first-mover advantage and its impact on business success.

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Definitions:

Enterprise Resource Planning

Integrated management software systems that automate and streamline business processes across finance, HR, procurement, distribution, and other departments.

Business Processes

Business processes are sets of tasks and activities that are performed by individuals or equipment to achieve organizational goals.

Off-The-Shelf Coding

Pre-written and readily available software components that can be implemented with minimal modification.

Time Units

Basic units of measure (seconds, minutes, hours, days, etc.) used to quantify durations or intervals of time.