Examlex
How are credit descriptions distinguished from debit descriptions in the general journal?
MRTS
The Marginal Rate of Technical Substitution; the rate at which one input can be substituted for another input in the production process, while keeping the output level constant.
Rawlsian View
A philosophical approach to justice that emphasizes fairness and equality, proposing principles to structure society in a way that benefits the least advantaged members.
Equity
The ownership interest in a corporation in the form of common stock or preferred stock, representing a share of the company's assets and profits.
Utilitarian View
A perspective in ethics and philosophy that emphasizes the greatest happiness or utility for the greatest number as the primary consideration in decision making.
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