Which of the Following Statements Is True Concerning Tenure, Sometimes

question 9

Multiple Choice

Which of the following statements is true concerning tenure, sometimes called continuing contract status?

• A) Tenure is a lifetime appointment to teach in a school.
• B) Tenure gives one the right to due process before dismissal.
• C) Once someone has been granted tenure in a state s/he would automatically have tenure in another state.
• D) Tenure will allow a teacher to live outside the district in which he/she resides.
• E) All are correct

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Definitions:

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting accumulated depreciation or amortization.

Premium On Bonds

The amount by which the price paid for a bond exceeds its face value, often due to interest rates being lower than the bond's coupon rate.

Effective Interest Rate

The actual rate of interest earned or paid on an investment, loan, or other financial product, taking into account the effects of compounding.

Interest Expense

The cost incurred by an entity for borrowed funds, often reflected as an expense on the income statement.