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Cesare Beccaria, the 18th Century Philosopher Whose Ideas Are the Basis

question 14

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Cesare Beccaria, the 18th century philosopher whose ideas are the basis of much of the criminal justice process in the United States today, claimed that capital punishment is probably a greater deterrent than life imprisonment.


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Endowment Fund

A fund established to finance a particular purpose of an organization, where the principal is kept intact while the investment income is available for use.

Deferral Method

An accounting technique used to delay the recognition of expenses or revenues until the related cash is paid or received.

Financial Statements

Written records that convey the business activities and the financial performance of a company. They typically include the balance sheet, income statement, and statement of cash flows.

Restricted Donations

Donations given to an organization with specific conditions attached regarding how the funds can be used, often designated for a particular purpose or project.

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