Public Assistance Programs

question 74

Multiple Choice

Public assistance programs:

• A) are not means-tested and are targeted to the public.
• B) are means-tested social programs targeted to the poor and providing financial, nutritional, and housing assistance.
• C) provide the same amount of support to families in poverty in every state of the United States.
• D) are available only to single-parent families with at least three children.

---

Definitions:

Accrued Liability

A liability that has been incurred, often for expenses, that has not yet been paid or recorded at the end of the accounting period.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity of the business.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.

Liquidity

A company's ability to meet its short-term obligations using its most liquid assets, indicating financial health.