Which of the Following Is True About School Districts in the U.S

question 24

Multiple Choice

Which of the following is true about school districts in the U.S.?

• A)Most districts are run by the mayor or city council.
• B)Most districts in the U.S.resemble comparable districts found in Europe.
• C)Most districts are run by local,independent school boards.
• D)Most districts are run by administrators appointed by state governments.
• E)None of these answers is correct.

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Definitions:

Accrual-based Income

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.

Domestic Corporations

Corporations that are registered and operate within the country of incorporation, adhering to its laws and taxation.

Excess Fair Value

The amount by which the fair value of an asset exceeds its carrying value on the balance sheet, often recognized in business combinations or asset revaluations.

Franchise Contract

A legal agreement granting an individual or group the rights to market a company’s products or services in a specific territory.