Tommy Johnson, Who Is 14 Years Old, Goes into the Local

question 69

Multiple Choice

Tommy Johnson, who is 14 years old, goes into the local clothing store and steals a pair of $120 Nike shoes.  The store's loss prevention catches him and calls the police.

• A)The police: ​
• B)can't charge him with theft/shoplifting because he's too young.
• C)may consider charging him with theft/shoplifting because 14 years old is the age of reason for most states.
• D)will automatically charge him for theft/shoplifting in adult court.
• E)will charge him with a crime since he is 14 years old, regardless of circumstances.

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Definitions:

Direct Costs

Expenditures directly traceable to the production of specific goods or services, such as raw materials and labor.

Gross Margins

The difference between revenue and cost of goods sold divided by revenue, expressed as a percentage, indicating the financial health and profitability of a business.

Value Basis

The underlying worth of an asset from which sale prices or depreciation is derived.

Joint Costs

Costs that are incurred from producing two or more products at the same time.