State Money Is Distributed According to Many Formulas, but the Trend

question 91

Multiple Choice

State money is distributed according to many formulas, but the trend is toward

• A)equalization via spending equally across the board.
• B)equalization via spending on the poor.
• C)equalization via spending on minorities.
• D)hiring better-qualified teachers at higher rates to work in depressed areas.
• E)hiring lower-qualified teachers to save money.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or output, such as raw materials and direct labor.

Fixed Cost

Costs that remain constant in total regardless of changes in the level of activity within a relevant range, such as rent, salaries, and insurance premiums.

Variable Cost

Costs that vary directly with the level of production or service activity.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.