One Implication of the Condorcet Paradox Is

question 253

Multiple Choice

One implication of the Condorcet paradox is

• A)that the order in which things are voted on can affect the result.
• B)that the order in which things are voted on is irrelevant.
• C)that you do not want to be in charge of arranging which items are voted upon first.
• D)that when there are only two items being voted on the order matters.

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Definitions:

Cumulative Dividends

Dividends on preferred shares that accumulate and must be paid out before any dividends can be distributed to common shareholders.

Consolidated Cost

The total cost that combines figures from various subsidiaries of a parent company into one aggregated total.

Unrealized Inventory Profits

Profits that result from internal sales within a company or conglomerate but have not been realized through sales to external parties.

Significant Influence

A level of control that an investor has over a business entity, typically through ownership of a significant but not majority share of voting stock.