The Social Security Act of 1935

question 86

Multiple Choice

The Social Security Act of 1935

• A) originally included a program for universal health-care.
• B) initially only offered a pension for retired workers.
• C) did not begin making payments to participants for years.
• D) was opposed by President Franklin Roosevelt as being too costly.
• E) covered all full-time working American citizens.

Explore the relationship between motivation, job satisfaction, and performance within organizations.

Understand the process and significance of adjusting entries in financial accounting.

Acquire the ability to calculate stockholders' equity, total liabilities, and total assets after adjusting entries.

Learn the impacts of not making necessary adjusting entries on net income, assets, liabilities, and stockholders' equity.

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Definitions:

Market-oriented

A business approach that prioritizes the needs and wants of customers in the creation and selling of products or services.

Relational Orientation

An approach in business and marketing that emphasizes building long-term relationships with customers, focusing on customer satisfaction, loyalty, and engagement.

Lifetime Profitability

The total profit expected from a customer over the entire period of their relationship with a company.

Sales-oriented

A business approach that focuses primarily on making sales or transactions, often prioritizing volume over customer relationship or product quality.