Case 3-1 Governor Jones Is Interested in Passing a Law to Increase

question 50

Multiple Choice

Case 3-1
Governor Jones is interested in passing a law to increase the use of community-based corrections in his state. He travels to Minnesota to meet with lawmakers to discuss their corrections system. Here he learns about Minnesota's Community Corrections Act.
-Governor Jones is impressed by Minnesota's community oriented corrections. He wants to implement many of the same policies when he returns to his state. Which of the following would most likely not be part of a community corrections act if Governor Jones would use existing CCAs as a template for his new legislation?

• A)The law would be judicially authorized.
• B)There would be a decentralized program design and delivery.
• C)The CCA would be authorized statewide.
• D)The CCA would provide for citizen involvement.

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Definitions:

Finished Goods Inventory

Represents the stock of completed products that are ready to be sold but have not yet been sold to customers.

Contribution Margin Ratio

The percentage of each sales dollar remaining after variable costs have been subtracted, indicating how much contributes to covering fixed costs and generating profit.

Fixed Costs

Costs that do not vary with the level of production or sales, including rent, salaries, and insurance premiums.

Break-even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.