Schools Are Responsible for Identifying the Most Qualified People to Fill

question 7

Multiple Choice

Schools are responsible for identifying the most qualified people to fill available positions in society. As a result, students are channeled into programs based on individual ability and academic achievement. This illustrates the manifest function of education referred to as __________.

• A)change and innovation
• B)transmission of culture
• C)social control
• D)social placement

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Definitions:

Foregone Depreciation

The concept relating to the depreciation that could have been claimed for tax purposes but was not, often due to timing or election of different tax treatments.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Acquisition Cost

The total cost associated with acquiring a new asset or investment, including purchase price and all related expenses.

Historical Cost

An accounting principle that requires assets to be recorded at their original purchase price, without adjusting for inflation or changes in market value.