Marginal Utility Is the ________ Satisfaction Gained by Consuming ________

question 62

Multiple Choice

Marginal utility is the ________ satisfaction gained by consuming ________ of a good.

• A) total; all units
• B) total; one more unit
• C) additional; all units
• D) additional; one more unit

Recognize legal and regulatory frameworks governing nonprofit financial management, including endowment management and accounting practices.

Comprehend the importance of bookkeeping and the accrual basis of accounting for nonprofit organizations.

Gauge how nonprofits measure their success through financial and program results.

Identify different types of budgetary expenses and their classifications within a nonprofit setting.

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Definitions:

Civil Service Commission

A government body charged with overseeing the hiring and management of federal government employees to ensure a merit-based, non-partisan civil service.

Pendleton Act

Legislation passed in 1883 that established the United States Civil Service Commission, which ended the spoils system and made merit the basis for hiring and promoting in the federal service.

Merit System

An approach to hiring and promoting government employees based on their ability and performance rather than political connections or factors.

Political Appointment System

A system where government officials are appointed based on their political affiliations and loyalty rather than merit or competitive examination.