___________, Started During Andrew Jackson's Presidency, Is the Practice of Hiring

question 45

Multiple Choice

___________, started during Andrew Jackson's presidency, is the practice of hiring government employees that depends on party affiliation and other political alliances rather than on job-related qualifications.

• A) The merit system
• B) Veterans' preferences
• C) Gerrymandering
• D) Patronage

Comprehend how planning facilitates the controlling function in management.

Distinguish between single-use plans and standing plans.

Know the purpose and function of policies, procedures, and budgets in organizational planning.

Understand the concept of focus both for individuals and organizations.

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Definitions:

Marginal Productivity

The additional output that is produced by using one more unit of a particular input while keeping other inputs constant.

Marginal Cost

The additional expense incurred from producing and selling one more unit of a good or service.

Profits

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Output

The total amount of goods or services produced by a company, industry, or economic system.