Formal Education Differs from Apprenticeships in Which of the Following

question 3

Multiple Choice

Formal education differs from apprenticeships in which of the following areas?

• A) Apprenticeship includes explicit instruction in target skills.
• B) Formal education includes explicit instruction in target skills.
• C) Apprenticeship is much less closely woven into the fabric of the society than is education.
• D) Formal education includes a much closer social bond between teacher and student than typically exists between apprentice and master.

---

Definitions:

Markup

The sum added to the purchase price of products to account for overhead costs and profit, setting the sales price.

Selling Price

The amount a customer pays to purchase a product or service.

Manufacturing Costs

The total expense incurred in the process of producing or manufacturing goods, including direct materials, direct labor, and manufacturing overhead.

Job Cost

The total expense of materials, labor, and overhead assigned to an individual job or project.