Which of the Following Statements About Noncontributory Programs Is False

question 97

Multiple Choice

Which of the following statements about noncontributory programs is false?

• A) Eligibility for these programs is determined through means testing.
• B) These programs may provide public housing,food stamps,and school lunches.
• C) The existence of these programs dates from the Civil War.
• D) These programs underwent drastic reform in the 1990s.
• E) These programs are relatively unpopular when compared to contributory programs.

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Definitions:

Planning

The process of setting goals, determining resources needed to achieve those goals, and outlining the steps necessary to accomplish them.

Loose Budgets

A financial plan that allows for higher spending and less stringent controls, often to accommodate for uncertainty or to encourage creativity and innovation.

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a specific period of time to ensure liquidity and solvency.

Minimum Cash Balance

The lowest amount of cash that a business decides to maintain in its accounts to ensure sufficient liquidity for routine operations.