The "Justice Model of Supervision" That Took Place from 1982

question 9

True/False

The "justice model of supervision" that took place from 1982 to 2000 utilized an escalated system of sanctions that corresponded to the level of social harm that resulted from an offender's actions.

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Definitions:

Credit Cost Curve

Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and opportunity costs.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision.

Credit Policy

Guidelines that a company follows to determine the creditworthiness of customers, the terms of credit to extend, and how to collect payments.