Which of the Following Statements Is True

question 84

Multiple Choice

Which of the following statements is true?

• A)Normative economics deals with what is.
• B)Normative economics expresses someone's opinion.
• C)Positive economics is subjective.
• D)Positive economics deals with what ought to be.
• E)Normative economics tries to refrain from opinions.

---

Definitions:

Cultural Clashes

Conflicts or mismatches arising from differing beliefs, values, practices, or expectations between cultures or within a multicultural environment.

Adaptive Corporate Culture

A corporate culture that is flexible, responsive, and able to change in response to external conditions or internal strategies.

Outwardly Focused

A perspective or approach that prioritizes external factors and dynamics, such as customer needs, market trends, and the broader community, over internal concerns.

Stakeholders

Individuals, groups, or organizations that have an interest or concern in an organization's activities, decisions, and success, including employees, customers, suppliers, and investors.