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In an effort to improve standardized testing scores in math and natural sciences, the federal government authorizes the Department of Education to make grants to local school districts to fund advanced training for high school teachers with established records of success teaching in relevant fields. How would this program best be characterized?
Joint Control Agreement
An agreement between two or more parties to share control over strategic financial and operating decisions of a venture.
Profit
The financial surplus remaining after subtracting total expenses from total revenue.
Joint Control
A situation in which two or more parties have agreed to share control over an economic activity or entity.
Unilateral Control
The exclusive power or authority one entity or country holds over another, without requiring consent or cooperation from the latter.
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