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Which of the Following Is NOT a New Technology in Corrections

question 84

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Which of the following is NOT a new technology in corrections?

Distinguish between product costs and period costs and their categorizations.
Recognize the principles of total quality management and its focus on reducing defects.
Understand the concept of deindividuation and its effects on group behavior.
Recognize the prevalence and nature of lying and cheating in various contexts.

Definitions:

Income and Loss Ratio

Usually referred to as the "loss ratio" in insurance, it is a metric that compares losses (claims paid and adjustment expenses) to premiums earned.

Capital Account

The capital account in accounting represents where all transactions involving the purchase and sale of capital assets are recorded, often reflecting the net worth of a business.

Liquidating

The process of converting assets into cash, often referring to the sale of assets during the winding down or closure of a business.

Noncash Assets

Assets that are not in the form of cash or easily convertible into cash, such as real estate, equipment, and patents.

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