What Is the Operational Cost Difference Between Public and Private

question 80

Multiple Choice

What is the operational cost difference between public and private prisons?

• A)12-15%
• B)6-10%
• C)25-28%
• D)2-4%

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Definitions:

Separation Of Duties

An internal control measure that prevents fraud and errors by dividing responsibilities among different employees.

Unpaid Voucher File

A file that keeps track of vouchers which have been issued but not yet paid.

Cash Discounts

A reduction in the invoice amount by a seller, offered to the buyer in return for early payment of their bill.

Stock Dividends

A form of dividend payment made in the form of additional shares rather than cash, increasing the number of outstanding shares.