What Is Meant by "Justice-As-Fairness"? How Is This Concept Pertinent

question 13

Essay

What is meant by "justice-as-fairness"? How is this concept pertinent to the practice of public administration?

Compare and contrast risk aversion, risk neutrality, and risk-loving behaviors in financial decisions.

Understand the elements and enforceability of contracts.

Distinguish between legal offers, invitations to treat, and unilateral and bilateral contracts.

Identify the effects of counter-offers, inquiries, revocations, and acceptances on the validity of an offer.

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Definitions:

Scarce Resources

Resources that are limited in supply and cannot meet all the demands placed on them by humans.

Rational Decision

A rational decision is a choice made by comparing the anticipated outcomes, where the best possible result is selected based on some consistent criterion.

Potential Injury

The possibility of harm or damage that could occur under certain circumstances or due to specific actions.

Security System

A setup of interconnected devices and components designed to protect and monitor premises against burglary, theft, and other unauthorized access.