Financial aid is awarded based on a student's academic artistic athletic or other exceptional ability is called merit-based
US student financial aid is funding available only to students attending post-secondary institutions in the US. These funds are used to cover the many costs associated with pursuing post-secondary education. Financial assistance is available from federal and state governments, educational institutions, and private organizations. Awarded in the form of scholarships, loans, working student activities, and grants. To apply for government student grants, students must first complete the free Student Assistance Application (FAFSA).
The financial aid process has been criticized for its role in admissions control, in which students receive money based on the maximum amount a student's family can pay, rather than based on merit or need.
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Answer:
1. using plans as a standard for measuring performance.
Explanation:
Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.
It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.
In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.
Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.
Answer:
the depreciation expense recorded is $680
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Purchase cost - residual value) ÷ (estimated life)
= ($17,500 - $1,180) ÷ ( 4 years)
= $4,080
Now the 2 months depreciation is i.e. from November to December
= $4,080 × 2 months ÷ 12 months
= $680
Hence, the depreciation expense recorded is $680