According to Functionalists, Which of the Following Is a Latent

question 67

Multiple Choice

According to functionalists, which of the following is a latent function of education?

• A) It is good for business.
• B) It is a source of knowledge.
• C) It increases cultural integration.
• D) It promotes cultural innovation.
• E) It benefits taxpayers.

Acquire knowledge on the complexities and accounting requirements of speculative derivatives.

Differentiate between foreign currency forward contracts and option contracts, including their respective accounting treatments.

Understand how to calculate the impact of exchange rate changes on the financial statements of companies engaged in foreign transactions.

Identify the components of, and prepare, journal entries related to foreign currency transactions and adjusting entries at year end.

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Definitions:

Consequences

Outcomes or results that follow an action or decision, potentially having positive or negative effects.

Response Rate

The frequency at which a specific response or behavior occurs, often measured in operant conditioning studies.

Self-Administering Satiation

A technique where an individual repeatedly exposes themselves to a stimulus that initially elicites a strong desire, with the aim of reducing the intensity of that desire over time.

Bad Habits

Repetitive behaviors that are detrimental to one's health or wellbeing, often challenging to change.