The Purpose of the Pendleton Act of 1883 Was to

question 16

Multiple Choice

The purpose of the Pendleton Act of 1883 was to

• A)provide public funding for presidential campaigns.
• B)create the Central Intelligence Agency.
• C)create government corporations.
• D)establish the Justice Department.
• E)reduce patronage by creating a civil service.

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Definitions:

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment or project, calculating the difference between the present value of cash inflows and outflows.

Cash Inflows

The total amount of money being transferred into a business, typically from operating, investing, and financing activities.

Required Rate of Return

The minimum annual percentage earned by an investment that will induce individuals or companies to put money into a particular security or project.

Internal Rate of Return

A financial metric used to estimate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows from a particular project equal to zero.