In Which Model of Corrections Were Offenders Separated from Each

question 52

Multiple Choice

In which model of corrections were offenders separated from each other in order to reflect upon their criminal behavior and expected to work 10 hr a day, 6 days a week?

• A) colonial model
• B) penitentiary model
• C) progressive model
• D) reformatory model

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Definitions:

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period.

Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

Hedge Ratio

The ratio of the size of a position in a hedging instrument to the size of the position being hedged, intended to minimize risk.

Black-Scholes

A mathematical model used to estimate the price of European-style options, factoring in variables such as stock price, strike price, volatility, time to expiry, and risk-free rate.