Government Programs Available Only to Individuals Who Qualify for Them

question 76

Multiple Choice

Government programs available only to individuals who qualify for them based on specific needs are called

• A)redistributive policies.
• B)personal policies.
• C)regulatory policies.
• D)means-tested programs.
• E)entitlement programs.

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Definitions:

Residual Value

The estimated amount that an asset is worth at the end of its useful life.

Net Income

What a company ultimately makes, after subtracting everything it spends including taxes and costs, from the revenue it generates.

Average Rate

The mean rate or level for a particular variable over a specified period, often used in reference to interest or exchange rates.

Present Value Methods

Techniques used to determine the current worth of a future stream of cash flows, discounted at a particular rate.