alleryA science that states 'what is' and describes cause-and-effect relationships without any value judgement is termed:
APositive science
BNormative science
CPragmatic science
DPrescriptive science
Answer & Solution
Correct answer: A. Positive science
1. The defining clue is the absence of value judgements and a focus on 'what is'.
2. A positive (pure) science describes cause-and-effect objectively, without prescribing what ought to be.
3. Normative science involves value judgements about 'what should be', so it is excluded.
4. Prescriptive science is just another label for the normative side, so it is also wrong; pragmatic is not the term used here.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 1 Unit I "Nature and Scope of Business Economics", p.6_
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