The Difference Between a Positive Economic Statement and a Normative

question 87

Multiple Choice

The difference between a positive economic statement and a normative economic statement is that:

• A)a positive statement must be true,while a normative statement is often not true.
• B)a normative statement must be true,while a positive statement is often not true.
• C)a positive statement can be verified,while a normative statement cannot.
• D)a normative statement can be verified,while a positive statement cannot.
• E)a positive economic statement is a moral judgment,while a normative economic statement is not a moral judgment.

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Definitions:

Committed Resources

Resources that have been designated for a specific project or purpose, often reflecting long-term business investments.

Activity-based Costing System

An accounting method that assigns costs to products or services based on the resources they consume.

Change Management Plan

A systematic approach that deals with the transition or transformation of organizational goals, core values, processes, or technologies.

Behavioral Issues

Aspects of organizational behavior that impact employee performance, motivation, and satisfaction, often requiring management strategies to address.