In Most Instances,the Disparity in Public Spending Among a State's

question 36

Multiple Choice

In most instances,the disparity in public spending among a state's school districts is largely a result of differences in

• A)the wealth of communities.
• B)the allocation of state aid to local schools.
• C)the proportion of local schools that are private as opposed to public; where there are a lot of private schools,the unused revenue is diverted to poorer public schools.
• D)urban and rural areas.
• E)None of these answers is correct.

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Definitions:

Note Payable

A written promise to pay a specific amount of money, usually with interest, by a certain date.

Promissory Note

A written promise to pay a specified amount of money on demand or at a definite time.

Current Liability

A company's debts or obligations that are due within one year or within the normal operating cycle, whichever is longer.

Operating Cycle

The duration it takes for a company to buy inventory, sell products, and collect cash from sales, showing the efficiency of its operations.