Which of the Following Sets of Preferences Can Not Satisfy

question 58

Multiple Choice

Which of the following sets of preferences can not satisfy the property of transitivity?

• A)Plan A is preferred to plan D. Plan D is preferred to plan B. Plan C is preferred to plan B.
• B)Plan A is preferred to plan B. Plan B is preferred to plan C. Plan A is preferred to plan C.
• C)Plan C is preferred to plan A. Plan B is preferred to plan A. Plan C is preferred to plan B.
• D)Plan D is preferred to plan C. Plan C is preferred to plan B. Plan B is preferred to plan D.

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Definitions:

Corporation

A legal entity formed by a group of people to operate a business or businesses, which has most of the rights and responsibilities of an individual.

General Partnership

A business arrangement where two or more individuals agree to share all assets, profits, financial and legal liabilities of a venture.

Partnership Terminates

The process or event leading to the dissolution or ending of a partnership agreement between two or more business partners.

General Partnership

A business structure where two or more individuals share ownership, as well as the responsibilities and liabilities of the business.