What Is the Name of the Mathematical Result Showing That

question 27

Multiple Choice

What is the name of the mathematical result showing that no voting system can simultaneously satisfy the properties of unanimity, transitivity, independence of irrelevant alternatives, and no dictators?

• A)The fundamental theorem of behavioral economics
• B)Arrow's impossibility theorem
• C)The fundamental theorem of voting
• D)The median voter theorem

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Definitions:

Laissez-faire Leadership

A leadership style characterized by minimal managerial oversight, where team members have the freedom to make decisions.

Two-way Communication

This entails the interactive exchange of information where both parties can send and receive messages, enhancing understanding and feedback.

Laissez-faire

A leadership or management style characterized by low personal involvement in decision-making, allowing teams to make their own decisions.

Ultimate Responsibility

The final accountability held by an individual or organization for the outcomes of actions and decisions.