A(n)____sentence Has a Fixed Minimum and Maximum Term of Incarceration,rather

question 29

Multiple Choice

A(n) ____sentence has a fixed minimum and maximum term of incarceration,rather than a set period.

• A) determinate
• B) presumptive
• C) indeterminate
• D) flat-time

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Definitions:

FIFO Basis

Stands for "First In, First Out," an inventory valuation method where the costs of the earliest goods purchased or produced are the first to be recognized in determining cost of goods sold.

Perpetual Inventory System

A method where inventory quantities and cost of goods sold amounts are updated continuously as sales occur and purchases are made.

Lower-of-cost-or-market

An accounting principle that values inventory at the lower of its historical cost or current market price.

Average Cost

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the weighted average of all units purchased.