What Is a Welfare State

question 38

Multiple Choice

What is a welfare state?

• A) a state that allocates more than 40 percent of its budget to programs and services intended for low-income families and individuals
• B) an economic crisis caused by the lack of comprehensive social policies
• C) a state only accompanied by the reduction of social programs
• D) the set of government programs devoted to social policy
• E) a state that allocates more than 60 percent of its budget to programs and services intended for low-income families and individuals

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, making them partial owners of the company.

Legal Persons

Entities, such as corporations or governmental bodies, that are recognized by law as having rights and responsibilities similar to natural persons.

Corporate Power

The legal authority and inherent capacities that a corporation possesses to conduct business, enter into contracts, and own assets.

Board of Directors

A group of individuals elected to represent shareholders and make decisions on major company issues, including strategy, governance, and overall direction.