What Is Considered a Major Draw-Back to the Accuracy of NCVS

question 45

Multiple Choice

What is considered a major draw-back to the accuracy of NCVS data?

• A) it does not explain all crime that goes unreported
• B) it does not allow the estimate of victimizations for individual cities
• C) it is not a thorough as UCR
• D) all of the above

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Definitions:

Cash Account

An account recording all cash transactions, including receipts and payments, reflecting the liquidity of a business.

Standard Cost System

An accounting method that uses predetermined costs for product costing, budgeting, and inventory valuation purposes.

Work in Process

Items that are in the process of being produced but are not yet completed in a manufacturing setting.

Standard Costs

Estimated costs of production, labor, and materials that are set in order to budget and control expenses.