Needs-Tested Spending Is Defined as

question 122

Multiple Choice

Needs-tested spending is defined as

• A)spending by Congress on its own perks of office.
• B)taxes paid by those qualified by their income.
• C)spending on programs for people qualified to receive benefits.
• D)spending by the President on the White House.
• E)spending that increases in expansions and decreases in recessions.

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Definitions:

Just-In-Time

An inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce stock levels and increase efficiency.

Production Flexibility

The capability of a manufacturing system to adapt efficiently to changes such as new product introductions, production volume adjustments, and design alterations.

Corporate Governance

The system by which a company is directed and controlled. If properly implemented it should provide incentives for top management to pursue objectives that are in the interests of the company and it should effectively monitor performance.

Annual Tax Returns

are yearly reports filed with a governmental body declaring income, profits, and losses to determine tax liability.