Research Has Shown That People's Perceptions of Fairness Reflect at Least

question 75

Short Answer

Research has shown that people's perceptions of fairness reflect at least two features of the situations they find themselves in: the actual outcome and the processes used to arrive at these outcomes. What is the term used to describe the outcomes?

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Definitions:

Obligation

An obligation, either ethical or legal, to carry out or avoid a particular action.

Order Of

Pertains to the sequence or arrangement of things following a particular pattern or rule.

HDC Status

Status as a Holder in Due Course, which refers to a holder of a negotiable instrument who took it for value, in good faith, and without notice of any defect or claim.

Security

A measure or mechanism put in place to protect against unauthorized access, alteration, or destruction of data or physical property.