At What Point in Our History Had a Majority of Adults

question 60

Multiple Choice

At what point in our history had a majority of adults in the United States earned a high-school diploma?

• A)the early 1800s
• B)about 1880
• C)the early 1900s
• D)the mid-1960s

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Definitions:

Process Costing Systems

Accounting methods used to allocate production costs to products or services in continuous processes, where the products are indistinguishable from each other.

Repetitive Products

Goods that are mass-produced, usually on an assembly line, with little variation in design for each unit produced.

Opening Work In Process

The value of the products that were in the process of being manufactured at the beginning of an accounting period.

Prior Process Costs

Costs that have been incurred in earlier stages of the production process and are carried forward into subsequent stages.