Normative Statements

question 36

Multiple Choice

Normative statements

• A) can be rejected simply by checking the facts.
• B) are unfair.
• C) are never used in economics.
• D) can be evaluated as true simply by checking the facts.
• E) involve value judgements.

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Definitions:

Avoid Duplicating

involves taking measures to prevent repetition or copying in processes, information, or products to ensure uniqueness and efficiency.

Corporate Credit Ratings

Assessments made by credit rating agencies that evaluate a corporation's ability to repay its debts.

Goodwill

Represents the intangible asset that arises when a company acquires another company for a price higher than the fair market value of its net assets, often related to the brand, customer base, and reputation.

Geographic Boundaries

Physical or conceptual limits that define areas such as countries, states, cities, or territories for administrative, commercial, or political purposes.