Which of the Following Factors Helps Explain Why Public School

question 337

Multiple Choice

Which of the following factors helps explain why public school administrators have little economic incentive to operate efficiently?

• A) Public schools have substantial monopoly power.
• B) The funding levels for public schools are determined by politicians rather than directly by consumers.
• C) It is expensive for consumers to switch from a public to a private school.
• D) All of the above are true.

Comprehend the concepts of novation, equitable assignment, and statutory assignment in contract changes and transfers.

Grasp the rules around the assignment of rights and obligations, including notice requirements and effects on involved parties.

Identify the doctrine of privity of contract and its exceptions, including third-party beneficiary rights.

Recognize the legal implications of property transfer, including trust agreements and restrictive covenants.

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Definitions:

Taxable Money Market Funds

Investment funds that invest in short-term debt securities and are subject to federal and sometimes state income taxes.

Tax-exempt

Income or transactions that are free from tax at the federal, state, or local level.

No-load Mutual Fund

A mutual fund that does not charge any type of sales load or commission, allowing investors to put more of their money directly into investments.

Expense Ratio

The annual fee that mutual funds, index funds, and ETFs charge their shareholders, expressed as a percentage of the fund's average net assets.