Procedural Justice Refers To

question 7

Multiple Choice

Procedural justice refers to:

• A) the rules of distributive justice
• B) the fairness of the relative proportion of resources allocated to various participants
• C) the process of arriving at a decision or an outcome
• D) the differences in merit and demerits between the parties
• E) both a and d

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Cash Flow

The gross amount of capital circulated in and out of an enterprise, directly affecting its ability to meet immediate expenses.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Closing The Books

The process of finalizing all accounts and preparing financial statements at the end of an accounting period.