Executive Order 11478 Requires the Federal Government To

question 46

Multiple Choice

Executive order 11478 requires the federal government to:

• A)prevent reverse discrimination by abolishing affirmative action.
• B)base all its employment policies on merit and fitness.
• C)prevent privatization of banking and financial services.
• D)base all its selections on such methods as quantitative techniques.
• E)abolish personal interviews as a method of selecting federal employees.

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Definitions:

Sales Taxes Payable

Liabilities accounted for the sales tax collected from customers on taxable transactions, which are due to be paid to the relevant tax authorities.

Sales Tax Expense

The cost incurred by a seller related to the sales tax charged on goods or services, which is often passed through to the consumer.

Interest Charged

Interest charged is the amount lenders impose on borrowers for the use of borrowed money, often expressed as an annual percentage rate.

Interest Payable

An account representing the amount of interest expense that has been incurred but not yet paid by a company.