Table 22-11 Five Voters Must Choose from Among Four Options: A, B

question 410

Multiple Choice

Table 22-11
Five voters must choose from among four options: A, B, C, or D. Each voter's preferences are summarized in the table below. Options higher in the table are more preferred by the voter.
-Refer to Table 22-11. Which pairwise voting scheme would result in outcome B?

• A)First, choose between A and B. Second, voters choose between the winner of the first vote and C. Third, voters choose between the winner of the second vote and D.
• B)First, choose between B and C. Second, voters choose between the winner of the first vote and A. Third, voters choose between the winner of the second vote and D.
• C)First, choose between B and D. Second, voters choose between the winner of the first vote and C. Third, voters choose between the winner of the second vote and A.
• D)First, choose between C and D. Second, voters choose between the winner of the first vote and A. Third, voters choose between the winner of the second vote and B.

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Definitions:

Fixed Assets

Long-term tangible assets that are used in the operations of a business and not expected to be converted to cash in the short term.

Current Liabilities

Short-term financial obligations that are due typically within one year or within a normal operating cycle.

Non-Eligible Dividends

are dividends from a corporation that do not qualify for the enhanced dividend tax credit in the recipient's hands, often because the issuing corporation pays tax at a rate less than the standard corporate rate.

Capital Gains

The profit from the sale of an asset or investment when the selling price exceeds the original purchase price.