What Was the Main Change That Was Implemented with the Passage

question 94

Multiple Choice

What was the main change that was implemented with the passage of the Pendleton Act?

• A) The civil service would be hired based on background, education, and other qualifications.
• B) Applicants to the federal bureaucracy were prohibited from disclosing their party affiliation.
• C) Presidents were no longer able to make appointments to the federal workforce.
• D) Members of the civil service were subject to losing their jobs when the presidency changed hands.

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Definitions:

P/E Ratio

The price-to-earnings ratio is a valuation metric for a stock, calculated by dividing the market price of a share by the earnings per share, indicating how much investors are willing to pay per dollar of earnings.

Price-to-Sales Ratio

A valuation ratio that compares a company's stock price to its revenues, an indicator of the value placed on each dollar of a company's sales or revenues.

Dividend Discount Model

A method of valuing a company's stock price based on the theory that its stock is worth the sum of all its future dividend payments, discounted back to their present value.

Telecommunications

The transmission of signals, messages, words, writings, images, and sounds or information of any nature by wire, radio, optical, or other electromagnetic systems.