Which of the Following Characteristics Distinguishes Jails from Prisons

question 99

Multiple Choice

Which of the following characteristics distinguishes jails from prisons?

• A) Prisons are the only corrections institution that holds people who are awaiting trial.
• B) Jails hold people who have been charged with more serious offenses, as well as those awaiting trial.
• C) Prisons hold people serving sentences for minor convictions.
• D) Jails typically hold people serving sentences of a year or less for misdemeanor convictions.

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Definitions:

Fair Value

The estimated market price of an asset or liability, considering factors like utility, demand, and supply conditions, to ensure an accurate valuation.

Unrealized Gains

Profits that have been made on paper through investments but have not yet been realized through the sale of those assets.

Common Stock

A type of ownership in a corporation, typically with voting rights and participation in dividends.

Retained Earnings

The portion of a company's profits that is kept or retained rather than distributed to shareholders or used for investment.