Which of the Following Statements About Child Care in the United

question 22

Multiple Choice

Which of the following statements about child care in the United States is true?

• A) Most child-care centers require that caregivers have special training in child development.
• B) Child-care centers are nationally regulated and funded to ensure their quality.
• C) In studies of quality, about 20 to 25 percent of child-care centers offer substandard care.
• D) Child-care standards are set by the individual states and vary widely.

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Definitions:

Variable Cost Per Unit

The cost that varies with the level of output or activities, calculated on a per-unit basis.

Units Sold

The total quantity of products sold by a business during a specific period.

Period Costs

Costs that are not directly tied to the production process and are expensed in the period in which they occur, such as selling, general, and administrative expenses.

Financial Reporting

The process of disclosing financial information and data about a company's financial performance, position, and cash flows to stakeholders and the public.