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

question 419

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. The town administrator would much rather have more tax revenue than have to cut any programs or services. If he wants to ensure that winning choice from voting is increasing taxes, how should he set up the voting?

• A)First vote: taxes vs. streetlights; Second vote: winner of the first vote vs. police; Third vote: winner of the second vote vs. arts
• B)First vote: arts vs. streetlights; Second vote: winner of the first vote vs. police; Third vote: winner of the second vote vs. taxes
• C)First vote: police vs. taxes; Second vote: winner of the first vote vs. arts; Third vote: winner of the second vote vs. streetlights
• D)The town administrator should use a Borda count.

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Definitions:

Annuity Due

A type of annuity payment where payments are made at the beginning of each period, as opposed to the end.

Cash Flows

The sum totality of cash transitions in and out of a commercial operation, markedly influencing its financial fluidity.

Fixed Period

A specified duration of time during which certain conditions, agreements, or investments remain in effect or are executed.

Stated Interest Rate

The annual interest rate declared on a loan or investment, not accounting for compounding or other effects.