A Key Component of Obama's "Race to the Top" Program

question 69

Multiple Choice

A key component of Obama's "Race to the Top" program is______________that it______________.

• A)allows states to opt out of many guidelines from No Child Left Behind
• B)strengthens No Child Left Behind
• C)basically extends No Child Left Behind for the indefinite future
• D)was completely implemented immediately upon passage

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Definitions:

Variable Cost

Expenses that change in proportion to the activity of a business such as costs of goods sold, raw materials, and labor expenses.

Fixed Manufacturing Cost

Costs that remain constant regardless of the level of production, such as rent, salaries, and maintenance expenses.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including depreciation, utilities, and salaries for supervisors.

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities excluding overhead.