In 1956, the U

question 29

Multiple Choice

In 1956, the U.S. Congress established a program under Title II of the Social Security Act for long-term disability known as

• A) Civil Service Retirement System.
• B) Federal Employees Retirement System.
• C) Social Security Disability Insurance.
• D) Supplemental Security Income.

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Definitions:

Business Combination

A transaction or event in which an acquirer gains control over one or more businesses.

Subsidiary Dissolved

The process of legally dissolving a subsidiary company, involving the winding up of its operations and distribution of its assets.

Subsidiary Incorporation

The process of legally establishing a subsidiary corporation, which then becomes an entity separate from the parent company.

Statutory Merger

A merger in accordance with specific laws where one company survives and the absorbed company ceases to exist.