The Supplemental Nutrition Assistance Program (SNAP) to Provide Food Assistance

question 68

Essay

The Supplemental Nutrition Assistance Program (SNAP) to provide food assistance has increased the number of participants in millions in the years from 2000 to 2008. Let P be the number of participants in millions and t be years since 2000. The following linear model fits the data: . What is the horizontal intercept? Explain its value in terms of the problem if any.

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Definitions:

Dissolved

The process of legally dissolving a corporation or partnership, effectively ending its existence.

Close Corporation

A business structure characterized by a small number of shareholders, no need for formal board meetings, and less stringent regulatory requirements.

Managerial Control

A theory of corporate management that favors insulating managers from shareholders by limiting the shareholders’ power to vote and by making it difficult for the shareholder to sue managers.

Outstanding Shares

Represents the total number of shares of a corporation's stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.