Which of the Following Statements About Noncontributory Programs, Such as Temporary

question 75

Multiple Choice

Which of the following statements about noncontributory programs, such as Temporary Assistance to Needy Families and Medicaid, is most accurate?

• A) The federal government provides all of the funding for these programs, and, as a result, citizens in each state receive exactly the same level of benefits.
• B) The federal government does not provide any funding for these programs, but state governments have all agreed to provide exactly the same level of benefits to citizens across the country.
• C) The federal government provides only some of the funding for these programs, and, as a result, citizens in each state receive exactly the same level of benefits.
• D) The federal government provides only some of the funding for these programs, and, as a result, citizens receive very different levels of benefits in different states.
• E) The federal government does not provide any funding for these programs, and, as a result, citizens receive very different levels of benefits in different states.

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Definitions:

Synergy

Occurs when the whole is greater than the sum of its parts. When applied to mergers, a synergistic merger occurs when the postmerger earnings exceed the sum of the separate companies’ pre-merger earnings.

Pro Forma Cash Flows

Projected cash inflows and outflows that are expected to occur as a result of a proposed financial decision or investment.

Hostile Takeover

An acquisition attempt by a company or individual without the consent or cooperation of the target company's board of directors.

Investment Banking Firm

An establishment engaged in finance that helps people, businesses, and government bodies acquire funds by underwriting or serving as the representative of the client in the release of securities.