Discuss the Importance of Assessing Dangerousness, the Development of Empirically-Based

question 62

Essay

Discuss the importance of assessing dangerousness, the development of empirically-based risk assessment and classification tools, and the difficulties associated with defining dangerousness.

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Definitions:

Long-Term Liabilities

Obligations of a company that are due beyond one year's time, including bonds payable, long-term loans, and lease obligations.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and equity of a group of companies as if they were a single entity.

Fair Value

An estimate of the price at which an asset or liability would change hands between willing parties, not under duress, in an orderly transaction.

Initial Value Method

An accounting method where investments are recorded at their cost at the time of acquisition without subsequent adjustment for changes in market value.