Which of the Following Is True About Crime

question 21

Multiple Choice

Which of the following is true about crime?

• A)In case of a crime,plaintiffs seek compensation for themselves.
• B)Tom and Tim have an argument in a bar and punch each other in the face before leaving; the crime of arson has been committed.
• C)Because a crime is an act that legislature has defined as socially harmful,the parties involved can agree among themselves to forget a particular incident.
• D)The requirement that criminal statutes not be vague does not mean that the law defines crimes in ways that can be easily and clearly understood.
• E)If a new technology-specific company employing the maximum people of a town shuts down,the company has committed a crime.

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Definitions:

Direct Materials Cost

The cost of raw materials and components that are directly used in the production of a product.

Work in Process Inventory

Items in a manufacturing process that are partially completed; representing a stage between raw materials and finished goods in the production cycle.

Overapplied Overhead

Occurs when the allocated manufacturing overhead for a period exceeds the actual overhead costs incurred, resulting in a temporary overestimation of costs.

Predetermined Overhead Rate

A rate used to assign overhead costs to products or jobs, calculated before the period begins based on an estimate of costs.