Which of the Following Is an Example of a Normative

question 34

Multiple Choice

Which of the following is an example of a normative statement?

• A)Students who miss more classes tend to earn lower grades.
• B)Students should make better use of their time by attending every class.
• C)The increasing price of textbooks has caused students to purchase fewer texts.
• D)Increasing government grants and loans to college students have caused tuition fees to rise faster than the rate of inflation.

Comprehend the concept of the time period assumption in accounting.

Distinguish between assets and liabilities in the context of accounting transactions.

Understand the revenue and expense recognition principles.

Identify the components and calculation of the operating cycle.

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Definitions:

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental rights and protections to American citizens.

Public School Education

An education system provided by the government in which children receive free education accessible to all.

U.S. Citizenship

The status of being a legal member of the United States, with certain rights, duties, and benefits, obtainable by birth or through naturalization.

Land Ownership

The legal right to possess, use, and control a particular piece of land.