The Practice of Reducing Spending on Prisons and Investing a Portion

question 9

Short Answer

The practice of reducing spending on prisons and investing a portion of the savings into infrastructure and civic institutions located in high-risk neighborhoods is known as _____.

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Definitions:

Direct Labor Hours

The sum of working hours of employees directly participating in the production of goods or provision of services.

Production Budget

An estimate of the total number of units that must be produced in a given period to meet both sales and inventory needs.

Production Budget

A production budget is a financial plan that estimates the number of units to be produced to meet anticipated sales demand.

Sales Budget

A detailed projection of a company’s sales revenue for a certain period, often used as a basis for production, purchasing, and staffing plans.