_____ Justice Focuses Specifically on the Methods Used to Determine

question 3

Multiple Choice

_____ justice focuses specifically on the methods used to determine the outcomes received.

• A)Outcome
• B)Distributive
• C)Procedural
• D)Interactional
• E)Task

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Definitions:

Insurance

A contractual agreement that provides financial protection or reimbursement against losses to an individual or entity, in exchange for premiums paid.

Depreciation

The method of allocating the cost of a tangible or physical asset over its expected useful life to account for the decrease in its value over time.

Overstate Expenses

To overstate expenses means to report higher expenses than were actually incurred, which can lead to an understatement of net income in financial reporting.

Understate Assets

The incorrect reporting of asset values on the balance sheet, making them appear lower than their actual worth.