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Simon Is Giving a Speech on 'Time Management

question 15

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Simon is giving a speech on 'Time Management.' He starts his speech by saying, "Every one of you must have come across days when you had to race against time, or perform inadequately due to lack of time.This speech should give you ideas on how to manage time." In this scenario, Simon's opening sentence serves the purpose of: 


Definitions:

Normative Statements

Statements that express opinions on how the world ought to be, involving value judgments rather than factual claims.

Expressions Of Facts

Statements that aim to convey information about reality or actual events without alteration.

Economic Model

A simplified representation or framework that economists use to describe and analyze economic processes, relationships, or phenomena.

Capital Goods

Long-lasting goods purchased and used by businesses to produce goods and services and contribute to their output.

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