You and Your Brother Are Splitting a Piece of Cake

question 182

Multiple Choice

You and your brother are splitting a piece of cake. You cut it into two pieces and your brother selects his piece first. Thus, you cut it into two equally sized pieces. This is an example of

• A) utilitarian justice.
• B) Rawlsian justice.
• C) communism.
• D) a public good.

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Definitions:

Prudent Business Judgment

Decision-making by business leaders that is cautious, reasonable, and in the best interest of the organization, based on available information.

Business Judgment

The decision-making process undertaken by company directors or officers that is characterized by a reasonable level of discernment and is in the interest of the company.

Breach

A violation or infringement of a legal obligation, contract, or law.

Employment Contract

A legal agreement between an employer and an employee that outlines the terms and conditions of employment.