The Components Of The Criminal Justice System - 1437 Words

What is the purpose and explain the components of the criminal justice system? The purpose of the criminal justice system is to deliver a fair justice system for the public, by punishing all who doesn’t follow the rules or commit a crime, while protecting the innocent. There are three components to the criminal justice system theses are: law enforcement, Corrections and Courts. When a person has committed a crime they go throughout these three components. First is the law enforcement; law enforcement officers are the people who record and go to the scene of the crime in an area, they investigate the crime scene and gather the information. The officer can arrest any offenders but they will have to give a testimony in court. Second is the Courts: In the courts that’s where offenders may be sentenced or put on parole or probation. The court is ran by the judge to oversee and to make sure that law and order is followed. They also determines the offender’s faith wither him/she shall release or keep an offender before trial. The judge also gives all offenders their sentence. In the courts there are also the defense attorneys defends the accused offender against the state, they are either hired by the defendant of appointed from the state by law. Last is Corrections: these are officers who supervise all offenders while they are in jail, prison, in the community or on probation, parole. Correction officers are there to make sure the facilities that hold offenders are secure andShow MoreRelatedComponents Of The Criminal Justice System Essay2014 Words   |  9 PagesRunning head: COMPONENTS OF THE CRIMINAL JUSTICE SYSTEM 1 Components of the Criminal Justice System Bradley Gibson University of Central Washington COMPONENTS OF THE CRIMINAL JUSTICE SYSTEM 2 Abstract This paper explores how law enforcement, courts, and corrections work together to form the criminal justice system. More importantly this paper explains the duties of each subsystem and howRead MoreMajor Components Of The Criminal Justice System906 Words   |  4 Pages Major Components of the Criminal Justice System Chelsea Sequeira 10/28/17 Citrus College AJ 101 Criminal Justice There are 3 major components of the criminal justice system; Police, Courts, and Corrections. These 3 systems work in harmony to enforce laws, punishments for violators of the laws, and to help correct the behaviors of criminals. The police system works closely with the public to investigate crimes, arrest offenders, maintain public order and provide emergencyRead MoreEssay on Components of the Criminal Justice System944 Words   |  4 PagesComponents of the Criminal Justice System Abstract Components of the criminal justice system include the police, the court system and correctional agencies. The definition, the function and examples of each component of the American criminal justice system will be described. The criminal procedure and the processing of offenders will also be described in details. Components of the Criminal Justice System The criminal justice system consists of three main components. Those components areRead MoreThe Three Components Of The Criminal Justice System888 Words   |  4 PagesFrancois Degboe B. Robinson Intro to Criminal Justice 07 September 2017 Most people don’t know about the three major components of the criminal justice system, but, in this paper the reader will know what they are. The reader will also read about how the three components interrelate to one another, and also how the conflict one another. The Three major components are Law Enforcements, Courts, and the Correctional System. According to Victims of crimes, Law Enforcement is when officers take reportsRead MoreThe Three Components Of The Criminal Justice System933 Words   |  4 Pages has been in the hands of the criminal justice system. Law enforcement, courts, and corrections have been making sure that the streets stay clean and that the community is safe. These three components work together in order to ensure justice is being served fairly. Although these three parts, of the criminal justice system, are different in many ways they succeed because of those differences. The different knowledge and insight each individual has about the criminal mind and behavior helps them makeRead MoreThe Three Components Of The Criminal Justice System766 Words   |  4 Pages Criminal justice! I’ve been asked plenty of times what is your definition of criminal justice or how would you explain criminal justice? My definition of it is when an individual who do a criminal act to someone or something to where t he victim needs justice from it. You can explain what is criminal justice in many ways but I’m not here to discuss only the definition of it, today I will be discussing the three components of the criminal justice system. The criminal system consists of the policeRead MoreThree Components Of The Criminal Justice System950 Words   |  4 Pages The three components of the American criminal justice system are the police, courts, and corrections. These components operate independently of one another and maintain different goals, histories, and operating procedures (Neubauer Fradella, 2017). There are two commonly accepted models of the criminal justice system, the crime control model and due process model. These two models vary at the basic level, the crime control model aims to protect society at all costs while the due process modelRead MoreThree Components Of The U.s. Criminal Justice System997 Words   |  4 PagesThere are three components of the U.S. Criminal Justice Sy stem today, law enforcement, courts, and corrections. Anyone who is arrested will go through all three aspects without even being found guilty. However, one that most people seem to remember the most as a defining factor would be when they were in court, during this time there are many rules, procedures, and codes of conduct to follow. These are in place to allow a trial to proceed more efficiently and fairly for both the defense and prosecutionRead MorePolicing Is The Primary Component Of The Criminal Justice System1648 Words   |  7 PagesPolicing is the primary component of the criminal justice system. The police have a constitutional duty to enforce the law, provide the public with safety and security and maintain order in the society. They are seen as an authority figure who has considerable control over it s citizens. The police also have a duty to arrest people who break the law or commit an offense and in doing so, they help keep the justice system in a functional state. T he police does not determine the guilt or innocenceRead MoreThe Criminal Justice System Is Made Up Of Many Complex Components That All Work Together Essay2046 Words   |  9 Pages The criminal justice system is made up of many complex components that all work together in order to maintain law and order in society. Of the different parts in the judicial system, criminal courts play a vital role in the execution of justice not only for the victim, but the community as well. Accordingly, criminal courts in the United States have been used to maintain social control of citizens and create social change within the population (Hartley Champion, 2009). Because every state

The Help of Technology to the Stock Market Free Essays

The purpose of this research paper is to prove that technology has been good for the stock market. Thanks to technology, there are now more traders than ever because of the ease of trading online with firms such as Auditrade and Ameritrade. There are also more stocks that are doing well because they are in the technology field. We will write a custom essay sample on The Help of Technology to the Stock Market or any similar topic only for you Order Now The New York Stock Exchange and NASDAQ have both benefitted from the recent technological movement. The NYSE says they â€Å"are dedicated to maintaining the most efficient and technologically advanced marketplace in the world.† The key to that leadership has been the state-of-the-art technology and systems development. Technology serves to support and enhance the human judgement at point-of-sale. NASDAQ, the world†s first fully electronic stock market, started trading on February 8th, 1971. Today, it is the fastest growing stock market in the United States. It alo ranks second among the world†s securities in terms of dollar value. By constantly evolving to meet the changing needs of investors and public companies, NASDAQ has achieved more than almost any other market, in a shorter period of time. Technology has also helped investors buy stocks in other markets. Markets used to open at standard local times. This would cause an American trader to sleep through the majority of a Japanese trading day. With more online and afterhours trading, investors have more access to markets so that American traders can still trade Japanese stocks. This is also helped by an expansion of most market times. Afterhours trading is available from most online trading firms. For investing specialists, technology provides operational capability for handling more stocks and greatly increased volumes of trading. Specialists can follow additional sources of market information, and multiple trading and post-trade functions, all on â€Å"one screen† at work or at home. They are also given interfaces to â€Å"upstairs† risk-management systems. They also have flexiblity to rearrange their physical workspaces, terminals and functional activities. Floor brokers are helped with supports for an industry-wide effort to compare buy/sell contracts for accuracy shortly after the trade. They are also given flexibility in establishing working relationships using the new wireless voice headsets and hand-held data terminals. The ability to provide new and enhanced information services to their trading desks and institutional customers is provided. They have a comprehensive order-management system, that systematizes and tracks all outstanding orders. Technology gives a market†s member organizations flexibility in determining how to staff their trading floor operations as well as flexiblity in using that market†s provided systems, networks and terminals or interfacing their own technology. They are given assurance that their market will have the systems capacity and trading floor operations to handle daily trading and in billions of shares. Member organizations get faster order handling and associated reports to their customers, along with speedier and enhanced market information. They also have a regulatory environment, which assures member organiztions that their customers, large and small, can trade with confidence. Technology also allows lower costs, despite increasing volumes and enhanced products. Companies listed on the NYSE are provided with an electronic link so they may analyze daily trading in their stock, and compare market performance during various time periods. The technology also supports the visibility of operations and information, and regulated auction-market procedures, which listed companies expect from their â€Å"primary† market in support of their capital-raising activities and their shareholder services. Institutions get enhanced information flow from the trading floor, using new wireless technologies, as to pre-opening situations, depth of market, and indications of buy/sell interest by other large traders. Also supported are the fair, orderly, and deeply liquid markets which institutions require in order to allocate the funds they have under management whether placing orders in size for individual stocks (block orders) or executing programs (a series of up to 500 orders usually related to an index). For institutional investors, technology gives information on timely trades and quotes and makes them available through member firms, market data services, cable broadcasts and news media. They also are provided with a very effective way of handling â€Å"smaller† orders, giving them communications priority and full auction market participation for â€Å"price improvement† yet turning the average market order around in 22 seconds. Price continuitity and narrow quotation spreads, which are under constant market surveillence and a regulatory environment which enforces trading rules designed to protect â€Å"small investors† are also supported. There are many different kinds of equipment used on the stock market. One of these machines is SuperDot, an electronic order-routing system through which member firms of the NYSE transmit market and limit orders directly to the trading post where the stock is traded. After the order has been completed in the auction market, a report of execution is returned directly to the member-firm office over the same electronic circuit that brought the order to the trading floor. SuperDot can currently process about 2.5 billion shares per day. Another piece of machinery is the Broker Booth Support System. The BBSS is a state-of-the-art order-management system that enables firms to quickly and efficiently process and manage their orders. BBSS allows firms to selectively route orders electronically to either the trading post or the booths on the trading floor. BBSS supports the following broker functions: recieving orders, entering orders, rerouting orders, issuing reports, research, and viewing other services via terminal â€Å"windows†. The overhead â€Å"crowd† display is America†s first commercial application of large-scale, high-definition, flat-screen plasma technology. It shows trades and quotes for each stock. The display also shows competing national market system quotes. Clear, legible information is displayed at wide viewing angles. Full color and video capabilities are also provided. The â€Å"Hospital Arm† Monitor is suspended for convenient viewing by specialists. Multiple data sources that are displayed include point-of-sale books, overhead â€Å"crowd† displays, market montage and various vendor services. The list of information sources is going to continue expanding. The Point-of-Sale Display Book is a tool that greatly increases the specialist†s volume handling and processing capabilities. Using powerful workstation technology, this database sysem maintains the limit order book for which the specialist has agency responsibility, assists in the recording and dissemination of trades and quotation changes, and facilitates the research of orders. All of this serves to eliminate paperwork and processing orders. The Consolidated Tape System is an integrated, worldwide reporting system of price and volume data for trades in listed securities in all domestic markets in which the securities are traded. The Hand-Held is a mobile, hand-held device that enables brokers to recieve orders, disseminate reports, and send market â€Å"looks† in both data and image format, from anywhere on the trading floor. Intermarket Trading System is a display that was installed in 1978 linking all major U.S. exchanges. ITS allows NYSE and NASDAQ specialists and brokers to compare the price of a security traded on multiple exchanges in order to get the best price for the investor. These are the machines that have helped greatly increase the buying and selling of stocks over the past few years. There are great advantages to trading today over the situation that past traders had. The biggest beneficiaries of this new technology are investors themselves. They have all day to trade instead of trading only during market hours, they have more stocks to choose from, and the markets are very high so people are making a lot of money. In conclusion, I have discovered that the research I have done on this project has revealed what I originally thought to be true. That is that the stock market has greatly benefitted from the recent advances in technologies. How to cite The Help of Technology to the Stock Market, Essay examples

The role and importance of non-bank financial intermediaries free essay sample

The role and importance of non-bank financial intermediaries The role and importance of non-bank financial intermediaries is clear from the various functions performed by these institutions. Major functions of the NBFIs are as follows: 1. Financial Intermediation: The most important function of the non-bank financial intermediaries is the transfer of funds from the savers to the investors. Financial intermediation is economical and less expensive to both small businesses and small savers, (a) It provides funds to small businesses for which it is difficult to sell stocks and bonds because of high transaction costs, (b) It also benefits the small savers by pooling their funds and diversifying their investments. 2. Economic Basis of Financial Intermediation: Handling of funds by financial intermediaries is more economical and more efficient than that by the individual wealth owners because of the fact that financial intermediation is based on (a) the law of large numbers, and (b) economies of scale in portfolio management. We will write a custom essay sample on The role and importance of non-bank financial intermediaries or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page (i) Law of Large Numbers: Financial intermediaries operate on the basis of the statistical law of large numbers. According to this law not all the creditors will withdraw their funds from these institutions. Moreover, if some creditors are withdrawing cash, some others may be depositing cash. Again, the financial intermediaries also receive regular interest payments on loans or investments made by them. All these factors enable the financial intermediaries to keep in cash only a small fraction of the funds provided by the creditors and lend or invest the rest. (ii) Economies of Scale: Large size of the asset portfolios enables the financial intermediaries to reap various economies of scale in portfolio management. The main economies are: (a) reduction of risk through portfolio diversification: (b)employment of efficient and professional managers; and (c) low administrative cost of large loans and (d) low costs of establishment, information and transactions. 3. Inducement to Save: Non-bank financial intermediaries play an important role in promoting savings in the country. Savers need stores of value to hold their savings in. These institutions provide a wide range of financial assets as store of value and make available expert financial services to the savers. As stores of value, the financial assets have certain special advantages over the tangible assets (such as, physical capital, inventories of goods, etc. ). They are easily storable, more liquid, more easily divisible, and less risky. In fact, saving- income ratio is positively related to both financial institutions and financial assets; financial progress . induces larger savings out of the same level of real income. 4. Mobilisation of Saving: Mobilisation of savings takes place when the savers hold savings in the form of currency, bank deposits, post office savings deposits, life insurance policies, bills, bonds equity shares, etc. NBFI provides highly efficient mechanism for mobilising savings. There are two types of NBFTs involved in the mobilisation of savings; (a) Depository Intermediaries, such as savings and loan associations, credit unions, mutual saving banks etc. These institutions mobilise small savings and provide high liquidity of funds. (b) Contractual Intermediaries, such as life insurance companies, public provident funds, pension funds, etc. These institutions enter into contract with savers and provide them various types of benefits over the long periods. 5. Investment of Funds: The main objective of NBFIs is to earn profits by investing the mobilised savings. For this purpose, these institutions follow different investment policies. For example, savings and loan associations, mutual saving banks invest in mortgages, while insurance companies invest in bonds and securities.