The 2001 No Child Left Behind Act

question 12

Multiple Choice

The 2001 No Child Left Behind Act

• A)reduced the federal government's authority over children's health insurance coverage.
• B)expanded the federal government's authority over children's health insurance coverage.
• C)reduced the federal government's authority over public education.
• D)expanded the federal government's authority over public education.

Distinguish between committed and discretionary fixed costs.

Identify the characteristics and examples of variable costs.

Understand the concept of the relevant range and its application to costs.

Understand the difference and importance of the contribution margin in cost-volume-profit analysis.

---

Definitions:

Founding CEO

The initial chief executive officer who establishes a company, often driving its vision, strategy, and growth from inception.

Technical Skills

Abilities or knowledge in specific fields, particularly related to science, engineering, technology, or other specialized areas.

Grit

The quality that enables people to work hard and sustain interest in their long-term goals.

Business Failures

Instances where companies cease operations due to their inability to generate sufficient revenue or manage their costs effectively.