Which of the Following Statements Best Describes Project Grants

question 76

Multiple Choice

Which of the following statements best describes project grants?

• A)grants that are distributed to the states based on procedures set out in the granting legislation
• B)grants offered by national government to support states for specific activities, such as scientific research and homeland security
• C)grants for specific purposes, such as Medicaid health care for the poor, which are tightly monitored to ensure that the money is spent exactly as directed
• D)grants made for more generalized governmental functions such as public assistance, health services, child care, or community development
• E)grants that are generally not restricted to a fixed amount of time and can be spent within flexible guidelines

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Definitions:

Defined Benefit Pension

A type of pension plan where an employer promises a specified monthly benefit upon retirement, which is predetermined by a formula based on the employee's earnings history, tenure of service, and age.

Defined Contribution Plan

A retirement plan where contributions are defined, but the eventual payout depends on the investment's success.

Investment Risk

The possibility that an investment's actual return will differ from the expected return, including the potential loss of some or all of the original investment.

Global Consumption Smoothing

An economic principle that suggests individuals can optimize their lifetime well-being by spreading consumption over their lifetime, influencing savings and investments.