What Happens If a Candidate Wins a Plurality but Not

question 77

Multiple Choice

What happens if a candidate wins a plurality but not a majority of votes cast in a special election in Texas?

• A) She or he still wins the special election.
• B) A runoff contest between the two top contenders must be conducted.
• C) She or he loses the election.
• D) Runoff contests must be conducted until one candidate wins at least a three-fourths majority.
• E) She or he must go to court.

---

Definitions:

Equity Method

A method of accounting that allows an investor to recognize gains and losses through their share of an associate's profits or losses, adjusting the value of their investment accordingly.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.

Entity Theory

A concept in accounting that treats a business as separate from its owners or other businesses, supporting the preparation of separate financial statements.

Consolidated Net Income

The total net income of a parent company and its subsidiaries after eliminating intercompany transactions, presented in a consolidated financial statement.