In the Elmira Model, a Grade 3 Inmate

question 29

Multiple Choice

In the Elmira model, a grade 3 inmate:

• A) was rewarded with an early release for exhibiting good behavior.
• B) needed to behave properly for three months before he could return to grade 2.
• C) had to complete work assignments for one month before he could move to grade 1.
• D) was lowered to grade 1 if he broke institutional rules.

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Definitions:

Net Income

The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Cash Increase

Refers to the rise in cash and cash-equivalent assets within a business or organization.

Cash Decrease

A reduction in the amount of cash a company has on hand, which can result from expenses, purchases, or withdrawals.

Income Statement

The income statement is a financial statement that reports a company's financial performance over a specific accounting period, showing revenue, expenses, and net income or loss.