A Cross-State Comparison of Changes in Incarceration Rates and Crime

question 35

Multiple Choice

A cross-state comparison of changes in incarceration rates and crime rates in 17 states showed that

• A) As incarceration rates increased crime rates decreased
• B) states that spent more money on corrections had lower crime rates
• C) increases in incarceration rates reduced crime in the South, but not in the West
• D) No clear patterned relationship between incarceration rates and crime rates existed

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Definitions:

Inventory Valuation

The method used to assign value to a company's inventory, including raw materials, work-in-progress, and finished goods, affecting cost of goods sold and net income.

Year-End Inventory

The total value of all inventory that a company has in stock at the end of its fiscal year.

Consignment

A business arrangement where goods are left with a third party to sell, but the ownership remains with the supplier until the goods are sold.

FOB Shipping Point

A term indicating that the buyer of goods takes ownership and is responsible for the freight charges at the time the goods leave the seller's shipping point.