Positive Accounting Research Attempts to Be Value-Free, While Normative Accounting

question 66

True/False

Positive accounting research attempts to be value-free, while normative accounting research is value judgment oriented.

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Definitions:

Contractual Capacity

The legal ability of a person or entity to enter into a binding contract, which generally requires them to be of a certain age and have a sound mind.

Informed Consent

A process by which a person voluntary confirms their willingness to participate in a particular activity, after having been informed of all the risks, benefits, and alternatives.

Legal Object

A purpose that does not violate a statute or public policy.

Coherence

The quality of being logical, consistent, and forming a unified whole.