Brad Just Graduated from the Corrections Academy in His State

question 95

Multiple Choice

Brad just graduated from the corrections academy in his state. He has been assigned to a maximum security prison that houses all types of offenders. He is shadowing a veteran correctional officer named Carl. Brad overheard inmates using terms he was not familiar with. He asks Carl what the inmates mean when they are talking about "pruno." Carl informs Brad the inmates are speaking of:

• A)food stolen from the kitchen.
• B)prison-distilled wine made from fruit and other ingredients.
• C)old inmates who are missing their teeth.
• D)illegal drugs that have entered the facility.

Grasp the implications of subletting and the original tenant's continuing liability.

Understand the legal interests in land under a leasehold and how they compare and interact with the interests of parties to a mortgage.

Understand the concept of diffusion of innovation and its importance in product marketing.

Identify the characteristics and percentages of innovators, early adopters, early majority, late majority, and laggards in the diffusion process.

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Definitions:

Price/Earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings, indicating the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company’s earnings.

Interest Rates

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.