Which Statement(s)reflect(s)a Normative View

question 247

Multiple Choice

Which statement(s) reflect(s) a normative view?
I.New Brunswick should increase the minimum wage to $15 per hour.
II.There is a provincial minimum wage in Canada.
III.The provincial minimum wage in Canada is less than $18 per hour,depending on the province.

• A) I,II,and III
• B) None is normative.
• C) I and II
• D) I

---

Definitions:

Current Ratio

A metric assessing a business's ability to handle its due within one-year obligations, obtained by the ratio of current assets to current liabilities.

Performance Comparison

The process of comparing the actual performance of an individual, group, or process against set standards or expectations.

Accounting Statements

Financial documents that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

Ratios

Quantitative measures used to assess the financial performance, liquidity, efficiency, or risk of a business entity.