Two Major Values That Have Driven American Education Are

question 26

Multiple Choice

Two major values that have driven American education are

• A) freedom and accountability.
• B) equity and excellence.
• C) freedom and excellence.
• D) local control and proximity.

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Definitions:

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs.

Net Incomes

The total earnings of a company after all expenses and taxes have been deducted from revenues, indicating profitability over a specific period.

Variable Costing

An accounting method that includes only variable production costs (costs that change with the level of output) in the cost of manufactured goods.

Absorption Costing

Absorption costing is a method of inventory costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.