The Merit System Refers to

question 18

Multiple Choice

The merit system refers to

• A) job appointment based on competitive examinations.
• B) a system of checks on Congress intended to prevent discrimination.
• C) a process of selecting policies based on their value.
• D) a system that was used for hiring bureaucrats under Andrew Jackson.
• E) using work experience in lieu of educational qualifications when applying for federal positions.

---

Definitions:

Total Asset Turnover

A financial ratio that measures a company's efficiency in using its assets to generate sales or revenue; calculated by dividing sales or revenue by total assets.

Current Ratio

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.

Acid-Test Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its quick assets.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects receivables from customers, indicating the number of times average receivables are collected during a period.