Normative Statements Are Concerned With

question 151

Multiple Choice

Normative statements are concerned with:

• A)facts and theories.
• B)what ought to be.
• C)what is.
• D)rational choice involving costs and benefits.

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Definitions:

Product Innovation

The development and market introduction of a new or significantly improved good or service, with enhanced features or capabilities.

Feasibility Planning

The process of analyzing and evaluating the potential of a proposed project or business to determine if it is technically, financially, and legally possible.

Initial Experimentation

The first phase of testing or trial in the process of research or development, where theories or hypotheses are explored to gather early insights.

Organic Structure

An organizational design that is flexible and decentralized, with a focus on employee empowerment and informal communication networks.