The New York Correctional System Was the First to Place

question 62

True/False

The New York correctional system was the first to place each inmate in a single cell for the duration of his sentence.

---

Definitions:

Operating Leverage

A financial metric that measures the proportion of fixed costs in a company's cost structure, indicating how a change in sales volume will affect operating income.

Variable Cost

Costs that vary directly with levels of production or sales volume, such as materials and labor.

Cost Structure

This refers to the types and relative proportions of fixed and variable costs that a business incurs.

Fixed Costs

are business expenses that remain the same regardless of the level of output or sales, such as rent, salaries, and loan payments.