If Everyone Knows That There Is a Camera, They May

question 1

Multiple Choice

If everyone knows that there is a camera, they may feel safe in or around the store, thus preventing potential criminals from attacking.This is called:

• A) fear reduction
• B) monitoring and intervention
• C) deterrence
• D) prosecution

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Definitions:

Nonlinear Optimization Model

A mathematical model that seeks to minimize or maximize an objective function whose relationships are not linear.

Projected Revenue

An estimate of the amount of money that an organization anticipates earning over a specific period in the future.

Solver

A feature in software, such as Microsoft Excel, that performs optimization, finding the best solution to a problem given constraints.

Price/Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to understand the sensitivity of consumers to price changes.