The Rationale Behind the Enactment of the National School Lunch

question 15

Multiple Choice

The rationale behind the enactment of the National School Lunch Act of 1946 was

• A) students could be trained like military recruits
• B) if students received good meals, the military would have healthier recruits
• C) fast food opportunities at schools could be increased
• D) More crops could be imported from foreign farmers

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Definitions:

GAAP or IFRS

Standards and principles that provide the framework for financial accounting and reporting, with GAAP used in the United States and IFRS internationally.

Objectivity and Verifiability

Accounting principles emphasizing the importance of unbiased financial information and the ability to confirm the accuracy of this data.

Just-In-Time (JIT)

A manufacturing strategy that aims to reduce inventory levels and increase efficiency by producing products only as they are needed.

Defects Tolerated

The acceptable number or percentage of defects or errors allowed in a production or manufacturing process.