Which of the Following Is Not Cited in the Text

question 24

Multiple Choice

Which of the following is not cited in the text as a reason why private prisons can often be run more cheaply and efficiently than public prisons?

• A)Reduced labor costs
• B)Competitive bidding
• C)No need for an expensive rank hierarchy/chain of command
• D)Reduced bureaucracy

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Definitions:

Estimated Costs

Costs that are predicted based on historical data, trends, and analyses, used for budgeting, planning, and decision-making purposes.

Cost To Sell

The expenses directly associated with the disposal of an asset, excluding financing costs and income taxes.

Fair Value Movements

describes changes in the fair value of an asset or liability over time, which may be recognized in profit or loss or other comprehensive income.

AASB 141

The Australian Accounting Standards Board document that outlines the accounting treatment for agricultural activity.