With Programs Such as TANF and Food Stamps

question 31

Multiple Choice

With programs such as TANF and food stamps,

• A)states have discretionary authority over benefit and eligibility levels,but must operate within federal guidelines.
• B)states have discretionary authority over benefit and eligibility levels and are not subject to federal guidelines.
• C)states have discretionary authority over benefit levels but not eligibility levels,which are set at the federal level.
• D)states have discretionary authority over eligibility levels,but not benefit levels,which are set at the federal level.
• E)None of these answers is correct.

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Definitions:

Credit Terms

The payment terms and conditions agreed upon by the buyer and seller, detailing the time period in which the buyer must pay the seller for the goods or services received.

Merchandise

Goods that are purchased, held, and resold by a business in the normal course of its operations.

Discount Offered

A reduction applied to the regular price of goods or services as a form of promotion or negotiation.

Sales Discount

A reduction in the price of goods or services offered to customers, usually as an incentive for prompt payment.