Question

Identify whether these programs are considered mandatory spending or discretionary spending.

Answer 1

Both required and discretionary spending are applied to the Medicare and Social Security systems. Spending that is mandated by the law is referred to as mandatory spending.

How do mandated and discretionary spending differ from one another?

• Spending that is mandated by the law is referred to as mandatory spending, whereas discretionary spending requires yearly approval from the executive branch.
• Discretionary costs (avoidable costs) are expenses or capital outlays that can be reduced or even eliminated in the near term without having an immediate negative impact on a company's short-term profitability. Advertising, maintenance, training, R&D, etc. are a few examples of discretionary expenses.    

To learn more about Mandatory spending refer to:

brainly.com/question/12602941

#SPJ4