List and Explain Three Alternatives to Litigation

question 13

Essay

List and explain three alternatives to litigation. Discuss the strengths and weaknesses of each. Which one do you think is most effective in maximum security prisons for men? For women? Please fully explain your answers.

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Definitions:

Idle Capacity

The unused portion of a company's production or service potential, often resulting in inefficiencies and increased costs.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities they require, aiming to provide more accurate product cost information.

Machine-Hours

A unit of measure representing the operating time of a machine, used in allocating costs to products based on machine usage.

First Stage Allocations

In managerial accounting, it refers to the process of allocating overhead costs initially to various departments or cost pools.