The Goal of the Foster Parenting Program Is To

question 82

Multiple Choice

The goal of the foster parenting program is to:

• A)ultimately return the child to his or her biological parents
• B)keep the child with foster parents till an adoptive home can be found
• C)get the foster parents to legally adopt the child
• D)keep the child with foster parents temporarily and return them to biological parents when the situation with the biological parents improves

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Definitions:

Absorption Costing

A cost accounting procedure that comprises adding up all expenses involved in manufacturing—direct materials, direct labor, and manufacturing overhead, both fixed and variable—to the cost of the product.

Ending Inventory

The total value of all inventory, including raw materials, work-in-progress, and finished goods, at the conclusion of an accounting period.

Variable Costing

An accounting method that only assigns variable costs to inventory, treating fixed costs as period costs.

Variable Costing

A costing method where only variable production costs are included in product costs, with fixed overhead excluded from inventory valuation.