Which of the Following Is True of TANF

question 170

Multiple Choice

Which of the following is true of TANF?

• A)The act imposes a twenty-year lifetime limit on cash transfers.
• B)The act imposes a ten-year lifetime limit on cash transfers.
• C)The act requires states to move a certain percentage of people from welfare to work.
• D)The act set eligibility rules.
• E)The act left federal costs open-ended through matching grants to the states.

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Definitions:

Preferred Dividends

Dividends that are paid to preferred shareholders at a fixed rate prior to any dividend payments to common shareholders.

Noncash Assets

Assets that cannot be easily converted into cash, such as property, plant, equipment, and intangible assets.

Net Income

Total revenue minus total expenses, indicating the profitability of a company over a specified period.

Net Loss

The situation where a company's expenses exceed its revenues during a specific period, leading to a negative profit.