Using Fair Process in Decision Making and Making Sure Others

question 97

Multiple Choice

Using fair process in decision making and making sure others know that the process is as fair as possible is referred to as:

• A) procedural justice.
• B) arbitration.
• C) positive reinforcement.
• D) fair labor policy.
• E) negative reinforcement.

---

Definitions:

Dividends Payable

A liability account in a company's balance sheet indicating the amount in dividends that the company owes to its shareholders but has not yet paid out.

Operating Expenses

Expenses incurred from a company's operational activities, excluding the cost of goods sold, taxes, and interest expenses.

Dividends Declared

Profits that a company's board of directors has decided to distribute to shareholders in the form of dividends.

Income Tax Expense

The cost of income taxes a company incurs, reflecting the tax charged on its taxable income for a given period.