Which of the Following Statements Is NOT a Reason That

question 23

Multiple Choice

Which of the following statements is NOT a reason that the cost of a college education is greater for the low-productivity group than for the high-productivity group?

• A) The wages they give up by going to college instead of working will tend to be higher for them.
• B) They may have to pay for tutoring services or other extra help to accomplish the same educational goal.
• C) They may have to take remedial classes, which would increase the length of time it takes to accomplish the same goal.
• D) Even if they take no remedial classes, they may have to spend more time studying for each class, and the value of their leisure time needs to be considered in the calculation.
• E) Based on previous signaling, such as from their high school grades or SATs, they may receive less merit-based financial assistance, and thus be under a greater financial strain during their college years.

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Definitions:

Fiduciary Duty

The legal obligation to act in another party's best interest, often found in relationships involving trust, like between a lawyer and client or shareholder and company director.

Relationship Of Trust

A fiduciary association between parties, where one party places trust and confidence in another who has a duty to act for the former's benefit.

Secret Profit

Earnings or benefits gained by an individual, typically in a position of trust, without the knowledge or approval of those entitled to know about such gains.

Agency Relationship

The legal arrangement where one party, the agent, acts on behalf of another, the principal, within the scope of authority granted by the principal.