Examlex
Equity refers to how the pie is divided, and efficiency refers to the size of the economic pie.
Accounting Principles
Established guidelines and standards for financial reporting and accounting practices.
Conventions
Agreed-upon principles or practices that guide actions and decisions in specific contexts, such as accounting conventions which guide financial reporting.
Guidelines
General rules, principles, or pieces of advice that aim to streamline processes, ensure compliance, or guide behaviors and decisions.
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