If a Controlling Entity Has Delegated Control to Another Entity

question 3

Multiple Choice

If a controlling entity has delegated control to another entity, the parent is deemed to be:

• A) the delegated party who is actively exercising control;
• B) both the delegating party and the party to whom control has been delegated;
• C) the entity who delegated the control;
• D) neither entity as actual control has been lost.

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Definitions:

Social Security System

The federal system of social insurance programs. It includes three separate programs that are financed through separate funds: the Old Age and Survivors Insurance (OASI) program, the Disability Insurance (DI) program, and the Health Insurance (HI), or Medicare program.

Tax Receipts

Government income due to taxation.

Federal Government

The national government of a federal country, which holds authority over matters that affect the entire country.

Income Distribution

How a nation’s total GDP is distributed amongst its population.