Which of the Following Statements About TANF Is False

question 55

Multiple Choice

Which of the following statements about TANF is false?

• A) It replaced AFCD in 1996.
• B) It ended public assistance as an entitlement program.
• C) It shifted responsibility over its administration to the states.
• D) It has clearly helped to lift numerous Americans out of poverty.
• E) It has reduced the welfare rolls.

---

Definitions:

ROA

Return on Assets, a financial ratio indicating the profitability of a company relative to its total assets, measuring how effectively the company is using its assets to generate earnings.

Debt-Equity Ratio

The indicator displaying the equivalent contribution of equity and debt to a company's asset base financing.

Sustainable Growth Rate

The maximum rate at which a company can grow its revenues and profits without needing to increase financial leverage.

Debt-Equity Ratio

An indicator of a firm's use of financial debt, found by dividing the total amount of liabilities by the equity owned by stockholders.