If You Were a State or Local Official Interested in Maintaining

question 22

Multiple Choice

If you were a state or local official interested in maintaining as much control over a policy as possible, which grant program would you prefer?

• A)Block grant
• B)Categorical grant
• C)Revenue sharing
• D)Grant-in-aid

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Definitions:

Merger

The combination of two or more companies into a single entity, typically to achieve greater efficiencies and strengthen market position.

Acquisition

The act of obtaining control of another company or asset through purchase or exchange.

Conglomerate Merger

A type of business combination where two or more companies in unrelated industries come together to form a single corporate entity.

Budget Cutbacks

The process of reducing budgeted expenditures, often in response to fiscal deficits, economic downturns, or reallocation of resources.