Table 22-17 -Refer to Table 22-17. the Table Shows the Preferences for the Preferences

question 154

Multiple Choice

Table 22-17
-Refer to Table 22-17. The table shows the preferences for three types of voters over three possible outcomes: A, B, and C. The table also shows the percentage of voters of each type. Based on this information, which of the following statements is true?

• A)In a vote between B and C, C loses since only the Type 1 voters prefer C to B.
• B)In a vote between A and B, B wins getting 85% of the total vote.
• C)In a vote between A and C, C loses getting only 45% of the total vote.
• D)Both a and b.

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Definitions:

Year 2

Typically refers to the second year of a business or project, often used in the context of financial or growth performance analysis.

Variable Costing

An accounting technique that involves only variable costs like direct materials, direct labor, and variable manufacturing overhead in the costing of products.

Absorption Costing

A method of accounting that incorporates all costs related to manufacturing—including direct materials, direct labor, and all manufacturing overheads, whether fixed or variable—into the product's cost.

Carrying Value

The book value of an asset on a balance sheet, representing its acquisition cost minus depreciation or amortization.