In John Rawls' a Theory of Justice, People Choose the Rules

question 211

Multiple Choice

In John Rawls' A Theory of Justice, people choose the rules for distributing income from behind a veil of ignorance.People understand that ability determines income, but they do not know their abilities or the abilities of others.Rawls argues that people are risk averse and will choose the distribution rule that maximizes their income in the worst-case scenario (they have relatively little ability) .An economist would call this strategy

• A)minimax.
• B)maximin.
• C)irrational.
• D)tacit collusion.

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Definitions:

Organization Levels

The distinct layers of authority within an organization that define hierarchy and the division of roles and responsibilities.

Centralization

The concentration of decision-making authority at the top levels of the organizational hierarchy.

Decentralization

The process of distributing and delegating power away from a central authority within an organization to individual units or departments.

Information Technology

The use of computers, networks, and software to store, process, and transmit information digitally.