By December 2009, the Recession That Began in December 2007

question 147

Multiple Choice

By December 2009, the recession that began in December 2007

• A) had shifted 2 million people out of TANF and into the unemployment compensation system.
• B) doubled the number of people on welfare.
• C) raised the number of TANF recipients from 3.9 million to about 4.4 million.
• D) raised the number of TANF recipients to about 5 percent of the population.

Differentiate between fraud, duress, and undue influence within contractual agreements.

Identify remedies available for contractual breaches due to misrepresentations.

Understand the concept of scienter in the context of contract fraud.

Distinguish between void and voidable contracts under different circumstances.

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Definitions:

Data Staging

An intermediate storage area used for data processing during the extract, transform, and load process; between the data source and the data warehouse.

Data Mining

The process by which great amounts of data are analyzed and investigated. The objective is to spot significant patterns or trends within the data that would otherwise not be obvious.

Default Value

A predefined setting or value automatically assigned to a software application, computer program, or device, typically operational until changed by the user.

Sclerenchyma

A type of plant tissue composed of thick-walled, dead cells that provide structural support.