Select the Appropriate Definition for Each of the Items Listed

question 4

Multiple Choice

Select the appropriate definition for each of the items listed below.
-The process of choosing among competing alternatives

• A)Financial accounting
• B)Managerial accounting
• C)Planning
• D)Controlling
• E)Decision making
• F)Value chain
• G)Continuous improvement
• H)Line positions
• I)Time
• J)Total quality management
• K)Lean accounting
• L)Staff positions
• M)Controller
• N)Treasurer
• O)Ethical behaviour

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Definitions:

Inequity

The perception or reality of unfair treatment or disparity in resources, rewards, or opportunities among individuals or groups, leading to dissatisfaction and demotivation.

Distributive Fairness

A principle of equitable allocation of resources among individuals, focusing on the fairness of outcomes achieved from decisions.

Equity

The principle of fairness or justice in the distribution of resources, rewards, and treatment among individuals or groups.

Cognitive Dissonance

A psychological state where an individual experiences discomfort due to holding conflicting beliefs, attitudes, or behaviors, prompting a change to reduce the dissonance.