In Light of the Costs of Incarceration, What New Class

question 30

Multiple Choice

In light of the costs of incarceration, what new class of prisoner has been created?

• A) Violent
• B) Property
• C) Vice
• D) Debtors

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Definitions:

Dollar-Value LIFO

An inventory valuation method that uses the dollar value of inventory rather than the physical count of goods, adjusting for inflation.

Current Cost

The cost to replace an asset or settle a liability at the current market rate, as opposed to its historical purchase price or book value.

Average Cost

A calculation that divides the total cost of goods available for sale by the total number of units available for sale, determining the cost per unit.

Exchange Rates

The rate at which one currency can be exchanged for another, dictating how much of one currency you can get for a unit of another currency.