Problem
1. In accounting, deductive approaches are generally normative. Why do you think this is the case?
2. A frequent argument is that inductive reasoning is value-free because it. simply investigates empirical evidence. Yet some charge that it is not value-free. What do you think is the basis for this charge?
3. Do you think that the work of a policy-making organization such as the FSB or the SEC is normative (value-judgment oriented) or positive (oriented toward value-free rules)? Discuss.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.