Which Statement About the Spoils System Is Accurate?​

question 50

Multiple Choice

Which statement about the spoils system is accurate?​

• A) ​It was developed for the purpose of rewarding supporters for loyalty, but it led to corruption.
• B) ​It was developed for addressing the needs of those who lost elections, but it failed to meet its goals.
• C) ​It was developed to appease voters who had supported the losing party, but instead it made them angry.
• D) ​It was developed to offer incentives to political candidates, but it ended up providing incentives to their opponents.

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Definitions:

Semi-Annual Compounding

The process of calculating interest on both the initial principal and the accumulated interest over two periods per year.

Par Value

The face value of a bond or stock, which is the amount paid back to the bondholder at maturity, or a nominal value of a share as stated in the corporation's charter.

Required Return

Required Return is the minimum rate of return an investor expects to receive from an investment considering its risk level.

Yield To Maturity

The total return expected on a bond if it is held until the maturity date, considering all payments from the bond including coupon and principal repayment.