In 1996,the U

question 90

Multiple Choice

In 1996,the U.S. welfare system was restructured. Supporters of this reform maintain that the new system rescues people from poverty and reduces welfare costs. What is the primary evidence they point out to support this?

• A)The number of people on welfare has significantly decreased.
• B)The unemployment rate is now lower.
• C)Fewer teenagers are having babies.
• D)Fewer people qualify as being in poverty.

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Definitions:

Accounting Oversight Board

An organization responsible for supervising and regulating accounting practices to ensure accuracy and fairness in financial reporting.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.

Accounting Scandals

Incidents that involve deliberate manipulation of financial statements and records for the purpose of misleading investors and stakeholders.

Values

Deeply held beliefs and ideals that guide an individual's or society's actions and judgments.