Which of the Following Statements About the Patronage System Is

question 10

Multiple Choice

Which of the following statements about the patronage system is true?

• A)It was a means of rewarding party workers for their loyalty.
• B)It was first established in the early twentieth century.
• C)It has fallen increasingly into the hands of party organizations.
• D)It weakens the bond that most federal staff members might otherwise feel for the congressperson under which they work.
• E)Today there are almost no patronage jobs left.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits via dividends.

Revenue Account

An account that tracks the income earned by a company before any expenses are deducted, often classified by source.

Accounting Process

A series of procedures and steps taken for the purpose of accounting, including recording, classifying, and summarizing financial transactions.

Accounting Equation

The foundational principle of accounting, stating that assets equal liabilities plus equity.