Effective Financial Management Involves Careful Planning to Determine the Best

question 112

True/False

Effective financial management involves careful planning to determine the best financial sources and to ensure that projected uses are in keeping with the organisation's goals.

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Definitions:

Distributive Justice

Concerned that people are treated the same regardless of individual characteristics.

Procedural Justice

The fairness and transparency in the processes that lead to outcomes, emphasizing how decisions are made within organizations or societies.

Distributive Justice

The perceived fairness of how rewards and benefits are distributed among members of a group or society.

Equitable Policy

A policy that aims to ensure fairness and justice within the procedures, processes, and distribution of resources by an organization or government.