Which of the Following Best Describes the Growth of Public-Sector

question 13

Multiple Choice

Which of the following best describes the growth of public-sector employment since 1950? As a percentage of total employment:

• A)state and local employment have fallen,but federal employment has risen sufficiently to cause overall public-sector employment to rise
• B)both federal and state and local employment have grown
• C)public-sector employment has fallen,but the absolute level has grown
• D)federal employment has fallen,but state and local employment have risen sufficiently to cause overall public-sector employment to rise

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Definitions:

Financial Leverage

Use of borrowed funds to increase the potential return of an investment.

Basic Earning Power

A financial metric that measures a firm's ability to generate earnings from its operations before the impact of taxes and financing costs.

ACP

Average Collection Period, indicating the average number of days it takes a company to collect payments from its credit sales.

Du Pont Analysis

A framework for analyzing a company's return on equity (ROE) by breaking it down into its constituent components to assess operational efficiency.