Which of the Following Statements About Unfunded Mandates Is MOST

question 71

Multiple Choice

Which of the following statements about unfunded mandates is MOST accurate?

• A)Since 1996, not a single public law has included a private-sector mandate with costs exceeding the threshold established in the Unfunded Mandates Reform Act.
• B)Since 1996, fewer than 5 percent of public laws have included private-sector mandates with costs exceeding the threshold established in the Unfunded Mandates Reform Act.
• C)Since 1996, more than 25 percent of public laws have included private-sector mandates with costs exceeding the threshold established in the Unfunded Mandates Reform Act.
• D)Since 1996, more than 50 percent of public laws have included private-sector mandates with costs exceeding the threshold established in the Unfunded Mandates Reform Act.

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Expected Loss

The anticipated amount of loss a business might suffer due to risks identified in its operations or investments.

Secure Neighborhood

An area or community characterized by enhanced safety measures and low crime rates, providing a feeling of security for its residents.

Insurance Premium

The amount of money charged by an insurance company for coverage, calculated based on the risk profile of the insured entity or property.

Insurance Company

A financial institution that provides various types of insurance policies to protect individuals and businesses against risk.