Which Is Not a Condition of Categorical Grant Programs

question 53

Multiple Choice

Which is not a condition of categorical grant programs?

• A)The receiving government agrees to match the federal money with its own,at a ratio fixed by law (between 10 percent and 90 percent of the cost of the program).
• B)The receiving government administers the program.
• C)The receiving government must meet minimum standards of federal law.
• D)States can spend federal money in any way that promotes racial segregation.

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Definitions:

Winding-Up Process

The formal procedure for disbanding a corporation or partnership, involving liquidating assets to pay creditors and distributing any remaining assets to the owners or shareholders.

LLCs

Limited Liability Companies, a hybrid business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Limited Partnerships

A business formation where one or more general partners manage the business and are personally liable, while limited partners invest but have limited liability and do not manage business operations.

Limited Partnership

A partnership structure where at least one partner has unlimited liability (general partner) and the rest have limited liability (limited partners), protecting them from debts beyond their investment.