Most Political Appointees in the Bureaucracy Are There

question 12

Multiple Choice

Most political appointees in the bureaucracy are there:

• A) as a reward for political service
• B) because someone has to fill the job, so it might as well be the president's friends
• C) because of their expertise in the area
• D) to help the president exercise control over the executive branch
• E) because of seniority

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Definitions:

Gross Margin

The difference between revenue and cost of goods sold, expressed as a percentage of revenue.

Net Sales

Net sales is the amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Stock Turn Rate

A measure of how quickly inventory is sold and replaced over a given period, indicating the efficiency of inventory management.

Markup

An additional amount incorporated into the buying price of products to compensate for running expenses and gain profit.