The Number of Political Appointees at the Top of the Federal

question 50

Multiple Choice

The number of political appointees at the top of the federal bureaucracy is ______.

• A) much smaller than that of other countries
• B) about the same as that of other countries
• C) much greater than that of other countries
• D) not known to be any different than that of other countries

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Definitions:

Agency Problem

A conflict of interest arising between principals, such as shareholders, and agents, such as company executives, due to differing goals.

Study of Finance

The discipline that concerns the management, creation, and study of money, banking, credit, investments, assets, and liabilities.

Real Assets

Physical or tangible assets that have intrinsic value, such as real estate, commodities, and natural resources.

Financial Assets

Assets that derive value from a contractual claim, such as bank deposits, bonds, and stocks.