Normative theory


Question 1) Explain situations where the opposite could be true In normative theory. For example: our personal experiences, educational levels, cultures, religions, and other aspects of our background can actually enrich our decision making ability.

Question 2) Why does it appear that to be highly successful (particularly in a financial sense), we assume that the gains are achieved unethically?

Question 3) Would you cite examples of how (or when) positive and normative theory are used together? What is the benefit of using both?

Question 4) Which theory do you feel is more prevalent in today's business or political world and why?

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Accounting Basics: Normative theory
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