We Perceive Fairness If We Believe That the Input/output Ratio

question 58

Essay

We perceive fairness if we believe that the input/output ratio we bring into a situation is similar to the input/output ration of a comparison person or ______________.

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Definitions:

Amortize

A method of spreading out a loan or intangible asset cost over a fixed period, reducing the value on the balance sheet over time.

NFPO's Revenues

The income earned by a not-for-profit organization from its charitable activities, donations, and other sources not related to regular business operations.

Capital Fund

A financial reserve or source of funds that an organization or government allocates for specific purposes, such as development or investment projects.

Useful Life

The estimated time period that an asset is expected to be usable by an entity, with reasonable efficiency, for the purpose for which it was acquired.