Social Safety Net Entitlement Spending Currently Constitutes Approximately What Percentage

question 42

Multiple Choice

Social safety net entitlement spending currently constitutes approximately what percentage of the federal budget?

• A) 90 percent
• B) 81 percent
• C) 66 percent
• D) 52 percent
• E) 24 percent

---

Definitions:

Physical Inventory

The process of counting by hand the actual inventory of a business at a specific point in time.

Net Income

The net income of a business following the deduction of all costs, taxes, and expenses from its total earnings.

Gross Profit Rate

The gross profit rate is a financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showcasing the efficiency of a company in managing its production costs.

Merchandise Inventory

Goods a company intends to sell in the normal course of business, tracked in an account for accounting and management purposes.