The Temporary Assistance for Needy Families (TANF)program

question 276

Multiple Choice

The Temporary Assistance for Needy Families (TANF) program

• A)put a limit on receiving welfare payments and required able-bodied adults to work after receiving assistance for two years.
• B)increased the number of people receiving welfare benefits and the amount of the assistance.
• C)required businesses to monitor low-income workers and used federal funds to supplement their pay.
• D)required the use of food stamps for food purchases by families but permitted cash assistance to be given to the elderly.

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Definitions:

Diluted Earnings Per Share

A measure of a company's profit divided by the number of shares outstanding, including all possible sources of conversion.

Treasury Stock Method

A method used to compute the diluted shares outstanding by assuming all in-the-money options and warrants are exercised and the proceeds from exercise are used to buy back shares at the average market price.

Market Price

The current price at which an asset or service can be bought or sold in a open and competitive market.

Convertible Bonds

Convertible bonds are fixed-income debt securities that can be converted into a predetermined number of the issuer's equity shares at certain times during their life, usually at the discretion of the bondholder.