Government Commissions in Japan Are Considering Reforms That Incorporate More

question 4

Multiple Choice

Government commissions in Japan are considering reforms that incorporate more positive aspects of education in the United States. For which of the following educational goals is Japan particularly seeking reform strategies?

• A)to increase math and science achievement
• B)to give greater emphasis in teaching to higher-order skills
• C)to reduce conformity
• D)to increase rates of enrollment in college

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Definitions:

Inventory Accounts

Inventory accounts are financial accounts used to track the quantities and costs of products a company holds for sale in the normal course of business.

Standard Cost

Predetermined or estimated costs used for cost control and decision making in manufacturing.

Actual Prices

The real prices at which goods and services are sold, differing from list or nominal prices.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted or standard cost, based on the labor rate.