Distinguish Among the State-Use, Contract and Convict Lease System of Prison

question 15

Essay

Distinguish among the state-use, contract and convict lease system of prison industries.

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Definitions:

Shares Outstanding

The total number of shares of a corporation that have been issued and are held by shareholders.

Normal Course of Business

The regular, day-to-day activities and operations conducted by a company to generate revenue.

Stock Dividend

A disbursement by a company to its stockholders, consisting of extra shares instead of monetary funds.

Cash Dividend

A cash dividend refers to the distribution of profits by a corporation to its shareholders in the form of cash.