The Merit System Refers to

question 61

Multiple Choice

The merit system refers to

• A) the selection, retention, and promotion of government employees on the basis of examinations.
• B) a system of checks on Congress intended to prevent discrimination.
• C) a process of selecting policies based on their value.
• D) a system that was used for hiring bureaucrats under Andrew Jackson.
• E) using work experience in lieu of educational qualifications when applying for federal positions.

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Definitions:

Internal Control Elements

Components of a framework designed to ensure the effectiveness and efficiency of operations, reliable financial reporting, and compliance with laws and regulations.

Petty Cash Fund

A small amount of cash kept on hand for minor, immediate expenses.

Cash Controls

Financial procedures and policies that are implemented to manage and monitor cash transactions, to prevent theft, fraud, or errors.

FASB Controls

Guidelines and standards established by the Financial Accounting Standards Board (FASB) to govern the financial reporting and accounting practices of companies in the United States.