Which of the Following Is an Entitlement Program

question 15

Multiple Choice

Which of the following is an entitlement program?

• A)Social Security
• B)Medicare
• C)Medicaid
• D)all of the above
• E) none of the above

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Definitions:

Lean Business Model

Lean Business Model is a strategic approach focused on creating more value for customers with fewer resources, by minimizing waste and optimizing efficiency.

Continuous Operations

The assumption that a business will continue its operations into the foreseeable future, not intending to nor expecting to go bankrupt or to significantly alter its operations.

Just-In-Time

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Fixed Cost

An expense that remains constant regardless of the volume of products or services manufactured or distributed.