Which of the Following Statements Is True

question 2

Multiple Choice

Which of the following statements is true?

• A) The world's most successful educational systems (Singapore and Finland) recruit teachers from among the top third of college students.
• B) Some studies show that the U.S. educational system recruits students from the top 25% of college graduates.
• C) The No Child Left Behind Act of 2001 required teachers of core subjects to be highly qualified, defined as having an Education major and passing the national teacher licensure exam.
• D) Teaching is the second highest rated profession in the United States-only surpassed by surgeons.

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Definitions:

Direct Labor

The cost of wages for workers who are directly involved in the production of goods or the delivery of services.

Variable Overhead Efficiency Variance

The difference between the standard cost of variable overheads allocated for actual production and the actual variable overheads incurred, used to assess efficiency in controlling variable overhead costs.

Fixed Overhead Spending Variance

The difference between the actual fixed overhead costs incurred and the budgeted or standard fixed overhead costs.

Variable Overhead Spending Variance

Refers to the difference between the actual variable overheads incurred and the standard variable overheads expected for the actual production level.