A Federal Program That Gives a State Government Federal Funds

question 39

Multiple Choice

A federal program that gives a state government federal funds to address a specific need but gives the state wide latitude in deciding how the funds will be spent is known as a(n)

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

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Definitions:

Planning Budget

A planning budget refers to a financial plan that estimates income, expenditure, and resources over a certain period, tailored to achieve specific goals or objectives.

Customers Served

The number of clients or customers to whom a business has provided products or services.

Revenue

The aggregate sum of funds a company acquires from selling products or offering services over a specific period.

Chairs Repaired

A metric indicating the number of chairs fixed or restored to their original condition, often used in furniture repair businesses to track productivity.