Normative Analysis

question 22

Multiple Choice

Normative analysis:

• A)involves the formulation and testing of hypotheses.
• B)leads to the best solutions.
• C)examines whether the policy is a good idea.
• D)examines if the policy actually accomplished its goal.

---

Definitions:

Processing Cost

The expenses associated with the operation needed to convert raw materials into finished products.

Disposal Cost

Expenses associated with the process of disposing of waste, obsolete inventory, or equipment, including transportation, recycling, or landfill fees.

Revenue Retrieval

The process of getting back revenue that has been lost or unaccounted for through various recovery efforts or strategies.

Resale Revenue

Income generated from selling goods or services that were previously purchased.