Which of the Following Is the Best Example of a Latent

question 181

Multiple Choice

Which of the following is the best example of a latent function of going to college?

• A) providing skills needed for later jobs
• B) keeping young people out of the labour force, which may not have jobs for them yet
• C) gaining the knowledge required to be an active and thoughtful citizen
• D) giving young people experience living on their own

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Definitions:

Paid-in Capital

The total amount of capital that a company has received from shareholders in exchange for shares of stock.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Earnings Per Share

A financial ratio calculated by dividing a company's profit available to its common shareholders by the number of outstanding shares.

Outstanding Common Stock

Shares of a company that have been issued and are currently held by investors, excluding shares held by the company itself.