Suppose That There Are 175 Voters in an Election and That

question 210

Multiple Choice

Suppose that there are 175 voters in an election and that 80 of them prefer a $100 budget while the remainder prefer a $150 budget. Which of the following statements is true?

• A)The Condorcet Paradox predicts that the $100 budget will win even though fewer people prefer that budget.
• B)The median voter theorem predicts that the winning budget will be $125, the median of the preferences of the two types of voters.
• C)Arrow's impossibility theorem says that the winning budget cannot be determined in this election since there is no unanimity.
• D)None of the above.

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Definitions:

Downward Feedback Method

A process of communication where supervisors or managers provide feedback to their subordinates to help them improve their performance.

Career-counseling Program

A guidance service aimed at helping individuals understand their skills, career goals, and market trends to make informed career decisions and transitions.

Contextual Performance

The aspects of an individual’s behavior that contribute to the organizational or social aspects of the job, beyond the technical requirements.

Horns Error

A horns error occurs when the manager downgrades other aspects of an employee’s performance because of a single performance dimension.