According to the Box "By the Numbers," Which of the Following

question 25

Multiple Choice

According to the box "By the Numbers," which of the following is a way in which the UCR and NCVS differ?

• A) The principal problems with NCVS concern the accuracy of recording and reporting crime.
• B) The UCR is based on a survey of victims of crime, and the NCVS is based on crime reports from law enforcement agencies.
• C) The UCR is based on reports from law enforcement agencies and the NCVS is based on a survey of victims of crime.
• D) The UCR gives us a handle on the size of the underlying crime problem, and the NCVS does a fairly good job of telling us what is going on year to year with respect to police encounters with crime.
• E) Experts generally prefer the UCR numbers to those of the NCVS for understanding the dimensions of the crime problem.

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Definitions:

Shut Down

A short-term decision by a firm to cease operations because current operation is not covering variable costs.

Firm

An organization that produces goods or provides services, usually with the aim of making a profit.

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Minimum Return

The lowest expected or required return on an investment over a specified period.