The Two Purposes of Unit Management Are to Decentralize the Administration

question 49

Multiple Choice

The two purposes of unit management are to decentralize the administration of the prison and to do which of the following?

• A) decrease recidivism rates for inmates once they are released
• B) improve communication between staff and inmates as well as among staff members
• C) improve safety of correctional staff
• D) decrease the oversight of inmates

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Definitions:

Maturity Date

The specified date on which the principal amount of a bond or other debt instrument is due to be paid in full.

Default Probability

The likelihood that a borrower will be unable to make required debt payments, leading to a default.

Strip Bond

A bond that has had its coupon payments and principal repayment separated, creating zero-coupon securities from a regular bond.

Yield to Maturity

The total return anticipated on a bond if the bond is held until its maturity date, taking into account both interest payments and capital gain or loss.