In Order to Minimize the NET Costs Associated with Crime

question 75

Multiple Choice

In order to minimize the NET costs associated with crime,

• A) steps must be taken to eliminate all crime.
• B) crime should be reduced to the level at which the total benefit from crime equals the total cost of crime prevention.
• C) crime should be reduced to the level at which the marginal cost from crime equals the marginal cost of crime prevention.
• D) no crime should be eliminated.

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Definitions:

Software Development Costs

The costs associated with the development, design, and implementation of software, which may be capitalized or expensed depending on their nature and benefit period.

U.S. GAAP

Acronym for United States Generally Accepted Accounting Principles, which are a set of rules and standards designated for accounting and financial reporting.

Technological Feasibility

A stage in product development where it is determined whether technology can be developed or adapted to meet the product's requirements within a realistic budget and timeline.

Intangible Assets

Non-physical assets possessing value, such as patents, trademarks, copyrights, and goodwill, often representing a significant part of a company's asset base.