John Rawls's Second Principle of Justice States That Insofar as Inequalities

question 24

True/False

John Rawls's second principle of justice states that insofar as inequalities are permitted -- that is, insofar as it is compatible with justice for some jobs or positions to bring greater rewards than others -- these positions must be open to all.

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Definitions:

External Decision Makers

Individuals or entities outside of a company that use its financial information to make decisions, such as investors and creditors.

International Financial Reporting Standards (IFRS)

A set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but retained by the company for reinvestment.