When a Judge Orders a Criminal Defendant to Reimburse the Victim,it

question 9

Multiple Choice

When a judge orders a criminal defendant to reimburse the victim,it is called

• A)reimbursement.
• B)restitution.
• C)restraint.
• D)retribution.

Analyze the impact of taxes and subsidies on firm behavior and market outcomes.

Distinguish between private, social costs, and benefits in the presence of externalities.

Calculate the efficient level of output and price in markets with externalities.

Recognize the difference between negative and positive externalities and their impact on social welfare.

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Definitions:

Activity-Based Costing

An accounting technique that assigns costs to units based on the activities needed to produce or deliver them, enhancing costing accuracy.

Overhead Cost

Indirect costs related to the general operation of the company, such as rent, utilities, and management salaries, not directly tied to production or sales.

Unit

A single, complete, or individual item that can be counted for inventory, production, or sales purposes.

Unit Level Activities

Activities that are performed each time a unit is produced, directly associated with production volume.