Which One Takes the Most Market-Based Approach to the Distribution

question 193

Multiple Choice

Which one takes the most market-based approach to the distribution of income?

• A) Rawls' maximin principle
• B) utilitarianism
• C) Nozick's entitlement theory
• D) Friedman's monetary approach

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Definitions:

Accrual

Involves recording revenues and expenses when they are incurred, regardless of when cash transactions occur.

Disclosure

The act of making new or important information known, especially facts that may influence a decision or affect the perception of a situation.

Debt-Paying Ability

A measure of a company's financial capacity to meet its long-term obligations, indicating its financial stability and risk level.

Quick Ratio

A financial metric indicating a company's ability to meet short-term obligations with its most liquid assets, providing insight into financial health.