Which Type of Program Requires State Governments to Spend Their

question 16

Multiple Choice

Which type of program requires state governments to spend their own money to meet standards imposed on them by the federal government?

• A) categorical grant
• B) block grant
• C) program grant
• D) formula grant
• E) unfunded mandate

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Definitions:

Shares Outstanding

The total number of shares of a company's stock that are currently owned by investors, including those held by the public as well as restricted shares owned by the company's insiders and employees.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock on the open market.

Cash Dividend

The distribution of some of a company's earnings to its shareholders as determined by the company's board of directors.

Waste Management System

A systematic approach to handling both disposal and recycling of waste materials in an environmentally friendly manner.