The Civil Service System Was Intended to Reform the Promotion

question 85

True/False

The civil service system was intended to reform the promotion process of government employees, so that promotion was based on merit rather than political connections.​

Understand the purpose and calculation methods of indirect costs in project budgeting.

Grasp the principles of cost-benefit analysis, including its application and decision-making process.

Recognize regulatory agencies and their role in the enforcement of safety and health standards.

Understand the concept of economic feasibility and its importance in project evaluation.

---

Definitions:

Marginal Utility

The added delight or usefulness a person acquires by consuming an extra unit of a good or service.

Utility Theory

A concept in economics that suggests individuals make decisions based on the expected utility or satisfaction they will derive from those decisions.

Consumer Surplus

The disparity between what consumers are inclined and financially able to spend on a good or service compared to what they ultimately pay.

Marginal Utility

The boost in satisfaction or utility a person enjoys from consuming another unit of a good or service.