Examlex

Solved

In a Vote Between Options A, B, and C, Option

question 284

Multiple Choice

In a vote between options A, B, and C, option C wins. When option B is eliminated and a vote is taken between option A and option C, option A wins. The voting system used fails to satisfy which of Arrow's properties of a desirable voting system?


Definitions:

Quick Ratio

A liquidity indicator that evaluates a company's ability to pay its current liabilities without relying on the sale of inventory, calculated as (current assets - inventory) / current liabilities.

Bad Debt Expense

Expense associated with estimated uncollectible accounts receivable.

DuPont Model

A financial analysis framework that breaks down return on equity into three components: profit margin, asset turnover, and financial leverage.

Debt-To-Equity

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company’s assets, illustrating financial leverage.

Related Questions