The Proper Economic Method of Selecting a Sentence Length Would

question 34

Multiple Choice

The proper economic method of selecting a sentence length would be to

• A)compare the reduction in the total cost of (marginal cost)crime being perpetrated by the offender if released a year earlier with the reduction in incarceration costs (marginal benefit)for that shorter sentence.
• B)compare the total cost of crime being perpetrated by the offender if released a year earlier with the incarceration costs for that shorter sentence.
• C)compare the average cost of crime being perpetrated by the average offender if released a year earlier with the average incarceration costs for that shorter sentence.
• D)poll pro bono defense attorneys and follow their recommendation.

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Definitions:

Special Or Unusual Items

Items in financial statements that are unusual due to their nature or infrequency, and which can significantly affect net income.

Inventory Method Change

A change in the accounting method used to value inventory, which can significantly affect a company's financial statements and tax liability.

LIFO

Last In, First Out; an inventory valuation method where the last items placed in inventory are the first ones considered sold.

Retrospective Approach

A method used in accounting to apply new accounting policies to transactions, other events, and conditions as if the new policy had always been in place.