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Explain the Thought Experiment Created by John Rawls Based on the "Veil

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Essay

Explain the thought experiment created by John Rawls based on the "veil of ignorance," using an example to show how a decision maker can tactically apply this concept to minimize personal bias.


Definitions:

Special Journals

Accounting books designed for recording specific types of transactions in a detailed and efficient manner.

Purchases Journal

A special journal that records all purchases of merchandise on account.

Merchandise

Goods purchased for resale to customers in the ordinary course of a business's operations.

Subsidiary Ledger

A subsidiary ledger is a detailed record that supports the entries recorded in a primary accounting ledger, often used for accounts like accounts payable and receivable.

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