What Important Noncontributory Program Was Abolished by Congress in 1996

question 78

Multiple Choice

What important noncontributory program was abolished by Congress in 1996?

• A) food stamps
• B) Medicaid
• C) Aid to Families with Dependent Children
• D) Temporary Assistance to Needy Families
• E) Social Security

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Definitions:

Selling Price

The amount for which a product or service is sold to the customer, determined by factors like cost, market demand, and competitive pricing.

Margin Of Safety

The difference between actual sales and sales at the break-even point. It measures the extent to which sales can decline before a business incurs a loss.

Variable Costs

Expenditures that adjust in relation to the business's output or operational intensity.

Fixed Expenses

Costs that do not fluctuate with the volume of sales or production levels, remaining constant even as business activities change.