A Normative Statement Is One Which

question 207

Multiple Choice

A normative statement is one which:

• A)is based on the law of averages.
• B)pertains only to microeconomics.
• C)pertains only to macroeconomics.
• D)is based upon value judgments.

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Definitions:

Formula Errors

Refers to mistakes or issues within computational expressions in spreadsheet software, causing incorrect results or failures.

PMT Function

It is a financial function that calculates the payment for a loan based on constant payments and a constant interest rate.

Rate

A measure or quantity considered in relation to another quantity or measure, often used to describe the speed, frequency, or cost of something.

Nper

A financial function that calculates the number of payment periods for an investment or loan based on constant payments and constant interest rates.