Match the Term with the Definition

question 14

Multiple Choice

Match the term with the definition.
-Effort in the 1880s to end the spoils system and reduce government corruption. New legislation awarded government jobs under a merit system that required examinations for office and made it impossible to remove jobholders for political reasons.

• A)civil service reform
• B)finance capitalism
• C)free silver
• D)Gilded Age
• E)gospel of wealth
• F)Interstate Commerce Commission (ICC)
• G)Jim Crow
• H)trust
• I)Sherman Antitrust Act
• J)social Darwinism
• K)spoils system
• L)Woman's Christian Temperance Union (WCTU)

Learn about the legislative process and the role of administrative agencies at different government levels.

Recognize the significance of the uniform law process and how it aims to create consistency across states.

Understand the role and significance of the U.S. Constitution as the supreme law of the land.

Comprehend the impact of cyberlaw and its foundation in pre-existing laws.

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Definitions:

Profit-Maximizing

The method or approach of modifying production and pricing to secure the maximum achievable profit.

Total Revenue

The total amount of money a firm receives from sales of its products or services, calculated by multiplying the price per unit by the number of units sold.

Total Cost

The overall amount of money spent by a company on the production, operation, and distribution of its goods and services.

Economic Profit

Profit calculated by subtracting both visible and hidden costs from total revenue, offering insight into the true financial gain of a business endeavor.