The TANF Program

question 7

Multiple Choice

The TANF program:

• A) is a form of social insurance.
• B) has been found to be unconstitutional by the Supreme Court.
• C) limits total lifetime welfare benefits to five years and requires people to work after receiving benefits for two years.
• D) perpetuates the so-called culture of poverty.

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Definitions:

Venture Capitalists

Investors who provide capital to start-up companies and small businesses with perceived long-term growth potential, often taking a stake in the company in exchange.

IPOs

Initial Public Offerings, a process where a private company offers shares to the public in a new stock issuance to raise capital.

First Day Returns

The percentage change in the price of a stock from its initial public offering price to its closing price on the first day of trading on the public market.

Unseasoned Rights Offering

A capital-raising activity in which companies offer new shares to existing shareholders without a prior track record of such market actions.