All of the Following Statements About Political Appointees Are True

question 34

Multiple Choice

All of the following statements about political appointees are true except

• A) they have been called the "aristocracy" of the federal government.
• B) they are sometimes appointed as a reward for campaign contributions or other political favors.
• C) they will probably occupy their position for a brief time compared to career civil servants.
• D) career civil servants sometimes ignore their wishes.
• E) their major source of authority is the ease with which they can fire civil servants.

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Definitions:

Work-In-Process Inventory

Inventory that includes materials and products that are in the process of being manufactured but are not yet complete, often accounted for in cost accounting.

Finished Goods Inventory

Products that have completed the manufacturing process and are ready for sale.

Cost Of Goods Sold

The immediate expenses related to the manufacturing of products a company sells, which encompass both materials and labor.

Three Inventory Accounts

Refers to the three main types of inventory accounts on the balance sheet: raw materials, work-in-progress, and finished goods.