For the First 100 Years of U

question 133

Multiple Choice

For the first 100 years of U.S.history members of the federal civil service were selected in part because of their political loyalty to the president's party.This was known as

• A)the federal rewards system.
• B)federal capitalism.
• C)the compensation system.
• D)the spoils system or patronage.
• E)national clienteleism.

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Definitions:

Remitting Profits

The process of sending back earnings to a company's home country or investors.

Long-Run Exposure

The risk faced by investors or companies that emerge from long-term financial decisions or market conditions.

Strengthening Economies

Refers to economies that are experiencing growth in GDP, employment rates, and trade, indicating an overall improvement in financial health.

Long-Run Exposure

The potential impact on a company's financial health over an extended period due to risks associated with changes in exchange rates, interest rates, or market conditions.