Needs-Tested Spending Is Best Described as

question 81

Multiple Choice

Needs-tested spending is best described as

• A)spending on programs that entitle qualified persons and businesses to receive benefits.
• B)spending on programs that are considered necessities (needed)according to surveys of the public.
• C)spending on programs that have proven over time to be sound investments.
• D)spending on programs that have been tested in some manner.
• E)not spending at all but a reference to the reliability of budget.

---

Definitions:

Trade Payables

Amounts owed by a company to its suppliers or vendors for goods and services received but not yet paid for.

Revolving Credit Agreement

A credit arrangement that allows a borrower to withdraw, repay, and re-borrow funds up to a specified limit over a set period.

Agreed Limit

An agreed limit refers to a predetermined maximum amount that an insurance company agrees to pay out for a specific claim or coverage.

Policy Decisions

Decisions made by an organization's leadership or governing body that set its policies, determining strategic direction and actions.