You and Your Brother Are Splitting a Piece of Cake

question 182

Multiple Choice

You and your brother are splitting a piece of cake. You cut it into two pieces and your brother selects his piece first. Thus, you cut it into two equally sized pieces. This is an example of

• A) utilitarian justice.
• B) Rawlsian justice.
• C) communism.
• D) a public good.

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Definitions:

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The amount of money that a person or company reduces from their tax obligation as a result of deductions, credits, or allowances.

Depreciate

The decrease in the value of an asset over time, often due to wear and tear, obsolescence, or market conditions, typically applied to fixed assets.

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A professional responsible for managing a company's financial activities, including budgeting, forecasting, and investment analysis.