The Modern Idea of Probation Is Credited To

question 37

Multiple Choice

The modern idea of probation is credited to:

• A)Lawrence Driscoll.
• B)John Augustus.
• C)John Howard.
• D)Zebulon Brockway.

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Definitions:

Price of Labor

The compensation received by employees for their work, often influenced by factors like skill, industry demand, and geographic location.

Price of Capital

This entails the expenses linked to acquiring and utilizing capital goods, such as machinery, indicating the return investors demand for use of their capital.

Cost-Minimizing

A strategy or process of finding the most efficient way to produce goods or services at the lowest possible cost.

Inputs

The resources (such as labor, capital, materials, and energy) used in the production process to produce goods and services.