What Was the Purpose of the Pendleton Act of 1883

question 3

Multiple Choice

What was the purpose of the Pendleton Act of 1883?

• A) To provide public funding for presidential campaigns
• B) To create the Central Intelligence Agency
• C) To create government corporations
• D) To establish the Justice Department
• E) To reduce patronage by creating a civil service

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Definitions:

Profitability Index

A financial tool that calculates the relationship between the costs and benefits of a project, where a value above 1 indicates a profitable project.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Initial Investment

The amount of money used to start a project, purchase assets, or establish a business foundation.

Simple Rate Of Return

A method of calculating the return on an investment without taking into account compound interest or the passage of time.