Which of the Following Statements About the Civil Service Is

question 34

Multiple Choice

Which of the following statements about the civil service is true?

• A)The federal government employs more people than state and local governments.
• B)The Pendleton Act was designed to make federal service more rewarding to top administrators.
• C)Most federal employees work outside Washington, DC.
• D)At its highest levels sit career bureaucrats.

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Definitions:

Compounded Monthly

Interest calculation method where interests earned themselves earn interest, recalculated on a monthly basis.

Interest

The cost of borrowing money or the payment received for deposit funds, usually expressed as a percentage rate over a period of time.

Present Value

Today's equivalent monetary worth of future cash sums or flows, discounted at a specific rate of return.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounded at a fixed rate.