When the Aid to Dependent Children Program (ADC) Started, It

question 14

Multiple Choice

When the Aid to Dependent Children Program (ADC) started, it provided benefits only to

• A) children.
• B) children and their parents.
• C) children but only in single-parent households.
• D) runaway children who refused to return home.

Comprehend the essentials of bureaucratic and mechanistic organizational designs and their impact on efficiency and adaptability.

Understand the concept of consideration in contract law, including its necessity for a valid contract.

Identify and explain the legal doctrine of promissory estoppel and its application.

Differentiate between liquidated and unliquidated debts and their implications on accord and satisfaction.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Present Value

The value of a future amount of money in today's terms, discounted at a particular rate.

Cost Of Capital

The rate of return a company must earn on its investments to maintain its market value and attract funds.