Table 22-4 ​

question 63

Multiple Choice

Table 22-4
​

-Refer to Table 22-4. The table shows the preferences of 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 voter type is the median voter?

• A)Type 1
• B)Type 2
• C)Type 3
• D)The median voter cannot be determined without knowing the pair of outcomes from which the voters will be choosing.

---

Definitions:

Full Capacity

A term referring to the maximum level of production or output that a facility can achieve under normal operating conditions.

Notes Payable

A written agreement where a borrower agrees to pay back a specified sum of money to a lender at a future date.

Accounts Receivable

Funds that a company is due to receive from its debtors for products or services that have been provided but are still outstanding in payment.

Payout Ratio

The percentage of net income distributed to shareholders in the form of dividends, representing the fraction of a company's earnings paid out.