What Do Social Services Primarily Consist of

question 50

Multiple Choice

What do social services primarily consist of

• A)welfare programs for low-income people
• B)a government health plan for the poor
• C)the same services as Old Age Security
• D)pensions collected for the infirm

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Definitions:

Non-Operating Sources

Revenue or income that arises from activities not related to a company’s core business operations.

Discontinued Operations

Parts of a company's core business or product lines that have been sold, disposed of, or discontinued.

FVTPL

The acronym stands for Fair Value Through Profit or Loss; this designation refers to financial assets or liabilities that are recorded at fair value, with any changes directly affecting profit or loss.

Fair Value

An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.