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i want this answer i think it's market socialism

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Q: Discuss the implications of interpreting 'fairness' in accounting as fairness in distribution?
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What is meant by fairness in distribution and fairness in disclosure in terms of accounting?

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The production and distribution of goods can be planned by the government to assure fairness for all of the people?

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What is the SEC and how is it involved with accounting standard setting?

The SEC stand for Security Exchange Commission is a federal agency that enforces the federal securities laws. The SEC also requires certain companies like publicly owned companies follow a certain accounting guidelines called Generally Accepted Accounting Principles or GAAP. This guidelines defines what kind of accounting public companies shall use and it defines fair accounting practices. The SEC work hand in hand with the Financial Accounting Standard Board to update laws and accounting practices. They also set new laws to ensure the fairness of accounting practicing.


Contrast distributive and procedural justice What implications might they have for designing pay systems in different countries?

Distributive justice focuses on the perceived fairness of outcomes, while procedural justice focuses on the fairness of the process by which decisions are made. In designing pay systems, countries that value distributive justice may prioritize equal pay for equal work, while those that emphasize procedural justice may focus on transparency and employee involvement in pay decisions. Socio-cultural norms and values will also influence how these principles are applied in different countries.


What is a sentence with fairness?

The judge's decision was based on fairness and impartiality, ensuring that each party had equal opportunity to present their case.