The Every Student Succeeds Act (ESSA) Maintains Many of the Core

question 21

Multiple Choice

The Every Student Succeeds Act (ESSA) maintains many of the core provisions of No Child Left Behind related to standards,assessments,accountability,and use of federal funds.However,it also includes provisions that ______.

• A)allow these funds to be used for other purposes
• B)deter schools from implementing them in meaningful ways
• C)motivate local governances to create their own assessments
• D)give states a greater role in holding schools accountable to ensure success for students

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Definitions:

Merchandise inventory

The goods and products that a retailer, wholesaler, or distributor has in stock and available for sale to customers.

Ending cost

This is likely intended to refer to the ending inventory cost, which is the value of goods available for sale at the end of an accounting period.

FIFO

First In, First Out; an inventory valuation method where the oldest inventory items are recorded as sold first.

Periodic inventory system

An inventory accounting system where updates to inventory levels are made periodically, usually at the end of an accounting period, rather than after each transaction.