Which of the Following Functions of Education Do the Creation

question 95

Multiple Choice

Which of the following functions of education do the creation of a common identity, common standards, patriotism, and civic responsibility reflect?

• A) a lateral function
• B) a manifest function
• C) a latent function
• D) a collateral function

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Definitions:

Interest Expense

This refers to the cost incurred by an entity for borrowed funds over a period of time, typically expressed as an interest payment on debt.

Interest Payment

The amount paid by a borrower to a lender as compensation for the use of borrowed money, typically expressed as a percentage of the principal.

Premium

The amount paid for an insurance policy or the amount by which a bond sells above its face value.

Discount on Bonds Payable

The discrepancy between a bond's face value and its sale price when it is sold below its face value.