In Early 2006, Congress Passed the Deficit Reduction Act of 2005

question 133

Multiple Choice

In early 2006, Congress passed the Deficit Reduction Act of 2005, which includes many new options for states trying to reduce the growth of ___________.

• A)welfare
• B)Medicare
• C)Medicaid
• D)Social Security
• E)their economies

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Definitions:

Corporate Social Responsibility

Refers to businesses' practice of operating in an ethical and sustainable way, considering their environmental, social, and economic effects.

Incorporation Statutes

Laws that govern the process of forming and operating a corporation, detailing the rights, responsibilities, and regulations for incorporated businesses.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them partial ownership of the company.