Product-Level Activities Are Also Referred to as Product-Sustaining Activities

question 35

True/False

Product-level activities are also referred to as product-sustaining activities.

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Definitions:

Social Insurance Program

A government-sponsored program that provides financial assistance to individuals in the form of retirement benefits, disability income, and other social security benefits.

Public Assistance Program

Government programs designed to provide financial aid or services to individuals in need to support their well-being.

Public Assistance Programs

Government programs that pay benefits to those who are unable to earn income (because of permanent disabilities or because they have very low income and dependent children); financed by general tax revenues and viewed as public charity (rather than earned rights).

Social Insurance Programs

Government-sponsored programs that provide financial assistance to individuals in events of unemployment, disability, or old age, funded through payroll taxes.