You Are a Federal Employee Who Has Recently Learned That

question 68

Multiple Choice

You are a federal employee who has recently learned that a newly hired staff member in your agency may have been chosen based on criteria other than qualifications for the position.What body should you take this information to?

• A)the Department of Labor
• B)the Merit Systems Protection Board
• C)Congress
• D)the Government Accountability Office

Understand the implications of reporting costs at standard versus actual costs for external financial statements.

Understand the motives for holding money in an economy.

Grasp the impact of inflation on money's functionality.

Comprehend the composition of the money supply.

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Definitions:

Supremacy Clause

A clause in the United States Constitution declaring that federal law is the "supreme law of the land" and takes precedence over state laws and constitutions when they conflict.

Inherent Powers

Powers that are not explicitly specified in the Constitution but are necessary for the government to perform its essential duties and functions.

Concurrent Powers

Powers that are shared by both the federal and state governments in a federalist system.

Reserved Powers

Reserved powers are those powers which are not explicitly granted to the federal government by the Constitution, thereby being retained by the states.