Public Elementary and Secondary School Administrators Have a Strong Incentive

question 75

Multiple Choice

Public elementary and secondary school administrators have a strong incentive to

• A) attempt to increase their funding levels.
• B) be efficient since their budgets are determined by politicians.
• C) cater to the preferences of students and parents.
• D) do all of the above.

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold, indicating the profitability of a company's core activities.

Revenue Test

An analysis or criterion used to determine whether a particular source of income qualifies as revenue for accounting or tax purposes.

Profit Or Loss Test

A financial metric used to determine if a business transaction resulted in making a profit or incurring a loss.

Operating Segment

A component of a business that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same company.