Criticisms of Privatization of Community Corrections Services by Profit-Making Enterprises

question 6

Multiple Choice

Criticisms of privatization of community corrections services by profit-making enterprises include all of the following, except?

• A) Provision of effective correctional services seems to be at odds with making a profit.
• B) The private sector is usually not equipped to be a full-service provider.
• C) Private-sector services have no uniform method of monitoring probation conditions or ensuring that victim restitution is collected.
• D) Private-sector services attract better qualified and educated job candidates

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Definitions:

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Extracting

The process of obtaining raw materials from the natural environment for use in the production of goods or services.

Selling

The act of offering goods or services in exchange for money, involving strategies and processes to persuade customers to make a purchase.

Time-Value

Time-value represents the concept that money available at the current time is worth more than the same amount in the future due to its potential earning capacity, emphasizing the importance of time in finance.