The Difference Between Mandates and Conditions on Aid Is That

question 253

Multiple Choice

The difference between mandates and conditions on aid is that mandates

• A) refer to states, and conditions on aid to localities.
• B) comes from Congress, and conditions on aid come from the executive branch.
• C) refer to federal regulations, and conditions on aid refer to state regulations.
• D) can be introduced without money involved, and conditions on aid are connected with federal money.
• E) are declarations from the Supreme Court.

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Definitions:

Operating Income

The profit realized from a business's operations, after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.

Interest Expense

The cost incurred by an entity for borrowed funds, typically expressed as a yearly rate.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its debtors, typically used to assess the efficiency of a company's credit policies.

Credit Sale

A transaction where goods or services are provided to a customer with the agreement that payment will be made at a later date.