Questions

Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.

The main function of a school board is to manage public schools in accordance with state and federal law.

The functions of the school board of a public school are:

• to establish strategic direction and priorities for the school.

• to monitor and review school performance and to report on it to the Director-General, parents of students at the school and staff.

• to develop, maintain and review curriculum for the school.

• to develop and review education policies at the school.

• to establish budgetary policies for the school and approve the school budget.

• to establish policies for the efficient and effective use of school assets and the management of financial risk.

• to develop relationships between the school and the community and between the school and community organisations.

• to make recommendations to the Director-General on issue affecting the school and to give effect to the Director-General’s directions.

• to encourage parent participation in their children’s learning; and

• to exercise any other function given to the board under this Act or any other
Territory law.