Though It Was Intended to Increase Bureaucratic Efficiency, the Principles

question 27

Multiple Choice

Though it was intended to increase bureaucratic efficiency, the principles of privatization and marketization that were part of the ________ have in some cases led to accusations of increased fraud due to a lack of oversight.

• A) Pendleton Act
• B) spoils system
• C) Administrative Procedure Act
• D) Administrative Protection Act
• E) Grace Commission

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Definitions:

Ethical Standards

Principled guidelines that govern the conduct of individuals and organizations, ensuring actions are morally right and fair.

General Journal

The bookkeeping record in which all types of transactions are recorded in chronological order before they are transferred to specific accounts in the ledger.

General Ledger

The comprehensive set of accounts that records all financial transactions of a business, serving as the central repository of accounting data.

Subsidiary Ledger

A detailed ledger that provides a breakdown of information summarized in a controlling account in the general ledger.