Welfare Programs Differ from Social Insurance Programs in That Welfare

question 110

Multiple Choice

Welfare programs differ from social insurance programs in that welfare programs

• A)Are event-based.
• B)Are available only to people who do not work.
• C)Offer benefits only to the needy.

---

Definitions:

Common Shareholders

Shareholders who claim the residual profits and assets of a corporation, and usually have the exclusive power and right to elect the directors of the corporation.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in the form of cash or stock.

Board of Directors

A board of directors is a group of individuals elected to represent shareholders and oversee major decisions of an organization, guiding its strategic direction and ensuring corporate governance.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the corporation's operations and profits.