Ag praxis study guide - Study guides, Class notes & Summaries

Law of diminishing returns correct answersLaw of diminishing returns - used to refer to a point at which the level of profits or benefits gained is less than the amount of money or energy invested. Fixed costs correct answersbusiness expenses that are not dependent on the level of goods or services produced by the business. They tend to be time-related, such as interest or rents being paid per month, and are often referred to as overhead costs. Variable costs correct answerscorporate expen...

said to have done something that is forbidden (crime). The state, through the courts, will charge and try that person (prosecute) on behalf of the wider society or community. If that individual is found to have broken the law, he will be punished according to the law (this is what is called a criminal sanction). Such criminal sanctions include imprisonment, a fine, correctional supervision, community service and so forth. A criminal court takes charge of this process. For example, the law forbi...