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When managers face a choice among actions to take,____ act as general guidelines that focus their actions.
Normative Questions
Questions that are based on subjective judgments or opinions about what ought to be, rather than what is objectively measurable.
Positive
Characterized by presence or possession; affirming an increase or addition in economics.
Explanation
A statement or account that makes something clear or understandable, often providing reasons for actions, decisions, or phenomena.
Normative Statement
A proposition that expresses a value judgment or opinion about what ought to be, rather than what is empirically verifiable.
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