Welfare State Programs That Transfer Funds to Needy Persons and Families

question 16

Multiple Choice

Welfare state programs that transfer funds to needy persons and families to help them secure a decent standard of living and become more self-sufficient are called ______________.

• A) social insurance programs
• B) public assistance programs
• C) Social Security programs
• D) charity programs
• E) private insurance programs

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Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders but not retired, held as an asset on the balance sheet.

Premium

The amount by which the price of a financial instrument or asset exceeds its par or face value; also refers to the cost paid for an insurance policy.

Owners' Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership stake.

Noncurrent Liabilities

Long-term financial obligations listed on a company's balance sheet that are not due for settlement within one year.