Which of the Following Is True Regarding a Normative Statement

question 278

Multiple Choice

Which of the following is true regarding a normative statement?
i.It uses the ceteris paribus assumption.
ii.It is a value judgment.
iii.It accounts for opportunity costs.

• A) i and iii
• B) ii and iii
• C) i only
• D) ii only
• E) i, ii, and iii

---

Definitions:

Charging Order

An order that entitles a creditor to collect a partner’s profits.

Partner's Profits

The share of a business's profits allocated to each partner according to the partnership agreement.

Partnership Records

Official documents that detail the activities, financial transactions, and agreements between partners in a business partnership.

Confidential Records

Documents or information classified as private or secret, often protected by law or policy from unauthorized access.