Which of the Following Is NOT True of the Works

question 61

Multiple Choice

Which of the following is NOT true of the Works Progress Administration?

• A) It refused employment to professionals such as dentists.
• B) It put 3 million Americans to work every year until 1943.
• C) Its construction projects included airports, swimming pools, and stadiums.
• D) It employed people to write state guidebooks and record stories of former slaves.

---

Definitions:

Non-Cumulative

Pertaining to preferred stock, which does not accumulate unpaid dividends if they are not declared.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the number of shares outstanding in the market.

Gain On Sale

The profit realized from the sale of an asset, when the selling price exceeds its original purchase price.