Which of the Following Is True

question 435

Multiple Choice

Which of the following is true?

• A) In 2002, national defense accounted for more than half of federal spending.
• B) Federal spending on national defense has increase rapidly during the last several decades.
• C) Federal spending on health care programs such as Medicare and Medicaid has increased rapidly during the last several decades.
• D) Federal spending in the aftermath of hurricane Katrina expanded over 50%.

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Definitions:

IFRS 8

An International Financial Reporting Standard that requires companies to report financial information by business segment to provide a clearer understanding of a company’s performance.

Operating Segment

A component of an enterprise that engages in business activities earning revenues and incurring expenses, whose operating results are regularly reviewed by the enterprise's chief operating decision maker.

Quantitative Threshold

A specified numerical limit or benchmark that must be met or exceeded, often used in contexts like financial regulation or performance measurement.

Reportable

Refers to information or actions that must be disclosed to regulatory authorities or in financial statements according to legal or regulatory requirements.