What Was a Contribution of the Social Security Act of 1935

question 7

Multiple Choice

What was a contribution of the Social Security Act of 1935?

• A)Aid for means-tested public assistance for the elderly
• B)Established a social insurance system for individuals age 65 and older,regardless of financial need
• C)Matched funds spent by the states for needy elderly,who could be considered among the "deserving" poor
• D)All of the above

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Definitions:

Associates

An entity over which an investor possesses significant influence, typically characterized by owning between 20% and 50% of the voting stock.

Joint Ventures

A partnership where multiple parties combine their assets to achieve a particular goal.

Entity

A legal or business entity that is capable of incurring liabilities and undertaking activities, often used to describe businesses, organizations, or corporations.

Shared Control

A situation where control over an economic activity is shared among two or more parties, typically in a joint venture or partnership.