As a Young Boy in the 1970s,Robert Remembered That There

question 37

Multiple Choice

As a young boy in the 1970s,Robert remembered that there was a push for public schools to teach children the metric system.The movement to adopt metric measurement was eventually abandoned in the United States.How could Robert explain this outcome?

• A)path dependency
• B)resocialization
• C)discrimination
• D)institutionalization

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Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an open and competitive market.

Reporting Period

The reporting period is the span of time covered by financial reports, and it can be monthly, quarterly, or annually.

Lower Of Cost

An accounting method that values inventory at the lower of its historical cost or market value to report losses in value.