Education Funding Sources and Allocation

Description: Education Funding Sources and Allocation
Number of Questions: 15
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Tags: education funding education policy education economics
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Which of the following is NOT a common source of funding for public education in the United States?

  1. Local property taxes

  2. State sales taxes

  3. Federal income taxes

  4. Lottery proceeds


Correct Option: C
Explanation:

Federal income taxes are not a direct source of funding for public education in the United States. Instead, the federal government provides funding for education through grants and other programs.

In the United States, which level of government is responsible for the majority of funding for public elementary and secondary education?

  1. Federal government

  2. State government

  3. Local government

  4. Private sources


Correct Option: C
Explanation:

Local governments are responsible for the majority of funding for public elementary and secondary education in the United States. This funding typically comes from local property taxes.

What is the term for the process by which state and local governments distribute funding to public schools?

  1. School finance

  2. Education funding

  3. School budgeting

  4. Education policy


Correct Option: A
Explanation:

School finance is the term for the process by which state and local governments distribute funding to public schools. This process typically involves determining how much money each school district will receive, and how that money will be allocated within the district.

Which of the following is NOT a common method of allocating funding to public schools?

  1. Per-pupil funding

  2. Weighted student funding

  3. Foundation funding

  4. Voucher system


Correct Option: D
Explanation:

A voucher system is not a common method of allocating funding to public schools. Instead, vouchers are typically used to provide funding for private school tuition.

What is the term for the minimum amount of funding that a state is required to provide to each public school district?

  1. Foundation funding

  2. Guaranteed funding

  3. Base funding

  4. Minimum funding


Correct Option: A
Explanation:

Foundation funding is the term for the minimum amount of funding that a state is required to provide to each public school district. This funding is typically used to cover the basic costs of education, such as teacher salaries and instructional materials.

Which of the following is NOT a common source of funding for higher education in the United States?

  1. Tuition and fees

  2. Government grants and subsidies

  3. Private donations

  4. Corporate sponsorships


Correct Option: D
Explanation:

Corporate sponsorships are not a common source of funding for higher education in the United States. Instead, the majority of funding for higher education comes from tuition and fees, government grants and subsidies, and private donations.

What is the term for the federal government's program of financial aid for college students?

  1. Federal Pell Grant Program

  2. Federal Student Loan Program

  3. Federal Work-Study Program

  4. All of the above


Correct Option: D
Explanation:

The Federal Pell Grant Program, the Federal Student Loan Program, and the Federal Work-Study Program are all part of the federal government's program of financial aid for college students.

Which of the following is NOT a common type of financial aid for college students?

  1. Grants

  2. Loans

  3. Scholarships

  4. Work-study programs


Correct Option: D
Explanation:

Work-study programs are not a type of financial aid for college students. Instead, work-study programs allow students to earn money to help pay for their education.

What is the term for the process by which colleges and universities determine how to allocate their financial resources?

  1. Budgeting

  2. Financial planning

  3. Resource allocation

  4. All of the above


Correct Option: D
Explanation:

Budgeting, financial planning, and resource allocation are all terms for the process by which colleges and universities determine how to allocate their financial resources.

Which of the following is NOT a common factor that colleges and universities consider when allocating their financial resources?

  1. Student enrollment

  2. Faculty salaries

  3. Research expenditures

  4. Athletic programs


Correct Option: D
Explanation:

Athletic programs are not a common factor that colleges and universities consider when allocating their financial resources. Instead, colleges and universities typically consider factors such as student enrollment, faculty salaries, and research expenditures.

What is the term for the amount of money that a college or university charges students for tuition and fees?

  1. Net price

  2. Sticker price

  3. Total cost of attendance

  4. All of the above


Correct Option: B
Explanation:

The sticker price is the term for the amount of money that a college or university charges students for tuition and fees. This price does not include financial aid, such as grants or scholarships.

Which of the following is NOT a common type of financial aid that colleges and universities offer to students?

  1. Grants

  2. Loans

  3. Scholarships

  4. Work-study programs


Correct Option: D
Explanation:

Work-study programs are not a type of financial aid that colleges and universities offer to students. Instead, work-study programs allow students to earn money to help pay for their education.

What is the term for the amount of money that a student pays for college after financial aid is applied?

  1. Net price

  2. Sticker price

  3. Total cost of attendance

  4. All of the above


Correct Option: A
Explanation:

The net price is the term for the amount of money that a student pays for college after financial aid is applied. This price includes tuition and fees, room and board, and other expenses.

Which of the following is NOT a common source of funding for private schools?

  1. Tuition and fees

  2. Government grants and subsidies

  3. Private donations

  4. Corporate sponsorships


Correct Option: B
Explanation:

Government grants and subsidies are not a common source of funding for private schools. Instead, the majority of funding for private schools comes from tuition and fees, private donations, and corporate sponsorships.

What is the term for the process by which private schools determine how to allocate their financial resources?

  1. Budgeting

  2. Financial planning

  3. Resource allocation

  4. All of the above


Correct Option: D
Explanation:

Budgeting, financial planning, and resource allocation are all terms for the process by which private schools determine how to allocate their financial resources.

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