There Are Two Types of Justice

question 5

Multiple Choice

There are two types of justice

• A) instant and delayed
• B) equal and unfair
• C) substantive and procedural
• D) substandard and procedural

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Definitions:

Short and Long Run

Distinct time frames in economics and business planning, where "short run" involves immediate operations and "long run" focuses on future strategy and structural changes.

Strategic Opportunism

A way of making decisions that balances long-term goals with the flexibility to take advantage of immediate opportunities.

Long-Term Objectives

Goals that an organization aims to achieve over an extended period, typically beyond one year, to guide strategic direction and growth.

Short-Term Problems

Issues or challenges that need immediate resolution but do not typically affect long-term performance or strategy.