Focusing on What Is Fair Is Consistent with the Principle

question 72

Multiple Choice

Focusing on what is fair is consistent with the principle of ______,which emphasizes the fair distribution of outcomes based on the meaningful contributions that people make to organizations.

• A)Distributive negotiation
• B)Distributive justice
• C)Organizational politics
• D)Top-down change
• E)Benchmarking

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Definitions:

Physical Count

A periodic inventory auditing process where a business physically counts its entire inventory to verify stock and identify discrepancies.

Perpetual Inventory System

A system of accounting that immediately logs the sale or acquisition of inventory using computerized point-of-sale systems and software for managing enterprise assets.

Freight Costs

Expenses associated with transporting goods from one location to another, often considered part of the cost of sales or inventory.

Refund Liability

Refund Liability refers to the obligation a company has to return funds to a customer for returned or rejected products or services.