The Largest Federal Support Program for the Elderly and Poor

question 6

Multiple Choice

The largest federal support program for the elderly and poor Americans was created with which of the following?

• A) Social Security Act
• B) Medicare Amendment
• C) Medicaid Amendment
• D) Hill-Burton Act

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Definitions:

Conglomerate Merger

A merger between companies that operate in completely different industries, creating a conglomerate of businesses under one corporate group with diversified interests.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period, indicating the company’s size relative to its competitors.

Horizontal

In economics and finance, relating to the analysis or movement across time or among peers in a linear or even manner.

Vertical

A specific industry or group of companies that operates within the same segment of the economy, often within a supply chain.