The Statement,"The Canadian Government Should Increase the Operating Grants to All

question 201

Multiple Choice

The statement,"The Canadian Government should increase the operating grants to all Canadian universities and colleges," is an example of

• A) an empirical statement.
• B) a positive statement.
• C) a value-free statement.
• D) a normative statement.
• E) an unfair statement.

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Definitions:

Net Profits

The sum left over once all costs, taxes, and expenses have been deducted from the total income.

Partnership Status

The legal standing of a business entity comprising two or more individuals who share management and profits.

Compensation

Payment or benefits awarded to individuals for their services, labor, or for losses suffered.

Creditors

Individuals or entities that are owed money by debtors.