The Correspondence Principle Refers to the Tendency of

question 75

Multiple Choice

The correspondence principle refers to the tendency of

• A) students to develop values and attitudes that are similar to those of their elementary school teachers.
• B) schools to place physically handicapped children in classes with peers who are at a similar academic level, regardless of physical condition.
• C) schools to promote the values expected of individuals in each social class and to prepare students for the types of jobs typically held by members of their class.
• D) parents to place their children in private schools that teach social values that are similar to their own.

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Definitions:

Historical Cost

The original monetary value of an asset or investment at the time of its acquisition or payment.

Exposure Draft

A document issued by accounting and regulatory bodies for public comment that proposes new or changes to existing accounting policies.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an orderly transaction between willing participants.

Financial Assets

Any assets that are cash, an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument.