Which Service Was Originally Created to Have Highly Skilled People

question 256

Multiple Choice

Which service was originally created to have highly skilled people serve as a bridge between political appointees and the rest of the civil service?

• A) the senior executive service
• B) the Office of Personnel Management
• C) the Civil Service Commission
• D) the merit service
• E) the competitive civil service

Learn about the flexibility allowed in inventory accounting methods and the strategic decisions firms make in adopting these methods.

Understand the various inventory accounting issues and practices.

Comprehend the difference between a perpetual and periodic inventory system.

Grasp the concept of price indexes and their applications.

---

Definitions:

Clayton Act Section 7

A provision of the Clayton Antitrust Act that prohibits mergers and acquisitions when the effect may be substantially to lessen competition, or to tend to create a monopoly.

Anticompetitive Effect

Any action, law, or policy that reduces the level of competition in a market, potentially leading to harmful effects such as higher prices or reduced innovation.

Relevant Market Definition

The identification of the bounds of competition including both the geographic and product spaces in which firms compete.

Federal Trade Commission (FTC)

A U.S. federal agency established for the purpose of protecting consumers and promoting competition by preventing anticompetitive, deceptive, and unfair business practices.