The Bush Plan to Modify Social Security Was Unlikely to Garner

question 12

Multiple Choice

The Bush Plan to modify Social Security was unlikely to garner enough political support to pass because

• A)Old people do not like to change tradition.
• B)Old people did not vote for Bush and thus were unlikely to support any of his policies.
• C)Republicans do not support any policies that affect older Americans.
• D)Older people vote and they do not like their income support fiddled with.

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Definitions:

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities, representing the owner's claim on the company's resources.

Net Loss

The amount by which total expenses exceed total revenues in a given period, indicating a company is not profitable.

Drawings

Withdrawals made by the owner of a business from the company's earnings or assets for personal use.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.