Which of the Following Statements About the Merit System Is

question 39

Multiple Choice

Which of the following statements about the merit system is not true?

• A) Every member and official of a government agency has been appointed as part of the merit system.
• B) The merit system establishes competitive exams for jobs.
• C) The merit system gives bureaucrats job protection.
• D) The merit system in federal employment originated in the Civil Service Reform Act of 1883.
• E) The merit system stipulates that appointees to public office must be qualified for the job to which they are appointed.

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Definitions:

Current-Rate Method

An accounting technique used for converting foreign subsidiary financial statements into the parent company's reporting currency, translating all assets and liabilities at the current exchange rate.

Exchange Gains/Losses

The difference in value realized from the exchange of currency that can either be a profit (gain) or a loss due to fluctuating exchange rates.

Exchange Gains/Losses

The financial result stemming from the fluctuation in exchange rates affecting the value of foreign currency transactions and holdings.

Strengthening Currency

A currency that is increasing in value compared to another currency, often due to improved economic indicators or increased demand.