Which of the Following Is a Positive,as Opposed to a Normative,statement

question 53

Multiple Choice

Which of the following is a positive,as opposed to a normative,statement?

• A)The US Department of Justice should allow a merger between AT&T and T-Mobile because it would have little effect on consumers.
• B)Antitrust laws should be used to prevent further concentration in the wireless telephone service market.
• C)The US Department of Justice sued AT&T to block its merger with T-Mobile.
• D)The wireless telephone service market is too highly concentrated.

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Definitions:

Manufacturing Departments

Divisions within a manufacturing organization, each focusing on a specific aspect of the production process.

Machine-Hours

A measure of production volume or activity based on the number of hours machines are operated.

Markup

The amount added to the cost of a product to cover overhead and profit, expressed as a percentage of the cost.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, from maintenance to quality control.