Which Type of Statement Is Most Likely to Include the Word

question 134

Multiple Choice

Which type of statement is most likely to include the word "should"?

• A) Positive statement
• B) Normative statement
• C) Fair statement
• D) Factual statement

Identify the different sources of federal law and recognize examples of sources that are not considered federal law.

Comprehend the burden of proof in civil cases and the distinction between law and justice.

Recognize the areas of law primarily governed by common law.

Distinguish between criminal law suits and those brought under other types of law, including the necessary proof standards.

---

Definitions:

Cash on Hand

The amount of liquid currency that a person or business has available for immediate use.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures, prompted by financial scandals.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business over a specific period of time.

Internal Control Procedures

These are policies and procedures put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.