People Evaluate the Favorability of Their Outcomes by Comparing Them

question 8

Multiple Choice

People evaluate the favorability of their outcomes by comparing them with the outcomes of others,given their relative situations.This decision involves the concept of

• A) procedural justice.
• B) just treatment.
• C) equitable treatment.
• D) distributive justice.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor, immediate expenses.

Cash Short

An accounting term referring to a situation where the actual physical cash differs from the expected amount, typically indicating a shortfall.

Missing Funds

A financial discrepancy where funds are unaccounted for due to errors, theft, or fraud.

Petty Cash Fund

A petty cash fund is a small amount of cash kept on hand for making immediate, low-cost expenditures, reducing the need for writing checks or using credit transactions.