Merit employment system is a personal system under which public employees are selected for government jobs through competitive examinations and the systematic evaluation of job performance.
<h3>What is merit employment system?</h3>
The civil service, also known as the merit system, was established to ensure that hiring and retaining talented workers, as well as the selection and promotion of workers who provide public services and are paid with taxpayer money, are done so in a fair, unbiased, and competitive manner.
The concepts of the Federal Government's merit system are frequently understood as being created to guarantee fair and open hiring, competition, and employment processes devoid of political interference or other non merit elements. The deregulation of performance reviews and rewards has given agencies the power and latitude they need to manage performance well. Nevertheless, enhanced accountability is a side effect of delegating, deregulation, and simplification. The values of the merit system serve as a foundation for moral conduct and are essential to mission accomplishment.
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He knew the purchase will prevent him from using the money and better ways
Answer:
Debit Credit
Common Stock 75,000
Cash 75,000
Brokerage fees 1,000
Cash 1,000
Cash 50,000
Loss on sale of common stock 25,000
Common Stock 75,000
Explanation:
5000*15= 75,000
5,000*10= 50,000
75,000-50,000= 25,000
