Which of the Following Is an Example of a Normative,as

question 322

Multiple Choice

Which of the following is an example of a normative,as opposed to positive,statement?

• A) The price of gasoline came down sharply during the second half of 2006.
• B) If the government were to set a maximum legal price on gasoline, then there would be a shortage of gasoline.
• C) Income taxes should be reduced.
• D) The federal government obtains much of its revenue from income taxes.

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Definitions:

Lost Customers

Individuals or entities that have ceased purchasing or engaging with a business over a certain period, indicating churn.

Cross Selling

The practice of selling additional products or services to an existing customer, often to increase revenue without the cost of acquiring a new customer.

Product Development Method

An approach or set of structured steps used to guide the development of a new product from concept to market launch.

Existing Customers

Individuals or entities that have previously purchased or currently use a company's products or services.