Welfare Benefits Are Calculated Based on Level of Need,and the State

question 2

Multiple Choice

Welfare benefits are calculated based on level of need,and the state sets a percentage of this amount that is usually around:

• A)95% of the minimum amount a family needs to survive.
• B)65% of the minimum amount a family needs to survive.
• C)100% of the minimum amount a family needs to survive.
• D)50% of the minimum amount a family needs to survive.

---

Definitions:

Value Chain

A series of activities that businesses go through to deliver a valuable product or service to the market.

Management Accounting

The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities, leading to more accurate product or service costing.

Mass Service

A service concept characterized by high service volume and process standardization, catering to a large market with minimal customization.