A Social-Conflict Analysis Suggests That Schooling Developed in the Late

question 5

Multiple Choice

A social-conflict analysis suggests that schooling developed in the late nineteenth century because that was the time that

• A) factory owners needed an obedient and disciplined workforce.
• B) immigrants had to learn English in order to work in factories.
• C) the country had to teach immigrants that its way of life was right and good.
• D) there were more well-to-do citizens eager to earn an education.

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Definitions:

Effective-interest Method

A method of amortizing bond discounts or premiums that reflects the constant rate of interest over the life of the bond with respect to its carrying value at the beginning of each interest period.

Interest Expense

Represents the cost incurred by an entity for borrowed funds, reflecting the interest payments on debt obligations during a reporting period.

Present Value Factors

These are factors used in financial formulas to determine the present value of future cash flows or income.

Market Rate

The prevailing interest rate available in the financial markets for a similar instrument or the going rate for goods or services in a certain market.