Which of These Did Not Exist as an Executive Cabinet

question 29

Multiple Choice

Which of these did not exist as an executive cabinet department when the new government began?

• A) Secretary of the Treasury
• B) Office of Attorney General
• C) Secretary of War
• D) Secretary of State
• E) Secretary of Labor

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Definitions:

Current Salvage Value

The estimated value that an asset can be sold for at the end of its useful life in its present condition.

Profitability Index

A measure comparing the present value of future cash flows to the initial investment, used to assess the attractiveness of a project.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return, important in assessing the value of investments.

Initial Investment

refers to the initial amount of money invested in a project or venture to get it started.