Once the Judge Set Andrew's Bail at $1

question 21

Multiple Choice

Once the judge set Andrew's bail at $1.5 million, Andrew's family contacts a bail bond agent. What percentage of the cash bail will the bail bond agent usually request in order to post a bail on Andrew's behalf?

• A) 5%
• B) 10%
• C) 20%
• D) 25%

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Definitions:

Phone Operators

Individuals or companies that provide telecommunication services, including voice and data transmission.

Automated Answering Services

Technology-based services that provide callers with pre-recorded responses or routing options, often used in customer service.

VMPL

Stands for the Value of Marginal Product of Labor, which is the additional revenue a firm earns by employing one more unit of labor.

Profit

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.