Scenario 22-4 Suppose That Residents of a Town Are Asked to Vote

question 287

Multiple Choice

Scenario 22-4
Suppose that residents of a town are asked to vote on the best way to improve the safety of an intersection. The three choices are: a stoplight, a 4-way stop, and a 2-way stop. The voters are divided into three groups based on their preferences.
Voter Type

-Refer to Scenario 22-4.Based on the information in the table,which of the following statements is true?

• A) In a vote between a 2-way stop and a stoplight, stoplight wins because 40% of voters have stoplight as their 1st choice.
• B) In a vote between a 2-way stop and a 4-way stop, the 4-way stop wins getting 80% of the total vote.
• C) In a vote between a 4-way stop and a stoplight, there is a tie because each gets 40% of the vote.
• D) None of the above are true.

Understand and apply the concept of the reward-to-volatility ratio.

Comprehend the principles of asset allocation between risky and risk-free assets.

Understand the implications of borrowing and lending rates on portfolio choice.

Recognize the utility theory basics and its application in investment decisions.

---

Definitions:

Unresponsiveness

The state or condition where an individual fails to react or respond to external stimuli.

Borderline Personality Disorder

A mental health disorder characterized by unstable moods, behavior, and relationships.

Interpersonal Relationships

Interpersonal relationships involve connections between individuals based on affection, solidarity, regular interactions, and lasting social commitment.

Marked Impulsivity

Significant and often spontaneous actions without forethought, typically resulting in negative outcomes.