One Managerial Implication of the Justice Model Is That Managers

question 60

Multiple Choice

One managerial implication of the justice model is that managers should base their decisions on:

• A) the effects the decision can have on stakeholders' rights
• B) what provides maximum profits to the company
• C) whatever promotes a fair distribution of outcomes
• D) arbitrary factors
• E) the competitor's decision making strategies

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Definitions:

Financial Controller

A senior-level executive who manages and oversees a company's financial operations, including accounting practices, budgeting, and financial reporting.

Australian Accounting Standards

Financial reporting regulations in Australia designed to ensure transparency and consistency across financial documents.

Management Accounting Information

Financial data and reports that are used by internal management for decision-making, planning, and control purposes.

Internal Management

Refers to the administrative practices, policies, and procedures implemented within a company to ensure its smooth operation and achievement of goals.