In Some Instances Where Voters Have More Than Two Choices

question 2

Multiple Choice

In some instances where voters have more than two choices in a democratic election, the principle that the _______ will decide the outcome may no longer make logical sense.

• A) majority of voters
• B) under-educated voters
• C) economically challenged
• D) eligible voters

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Definitions:

Warrants

Warrants are a type of security that gives the holder the right to purchase a company’s stock at a specific price until the expiration date.

Long-term Call Options

Financial derivatives granting the holder the right, but not the obligation, to buy a security at a fixed price within a specific long-term period.

Exercise Price

The price stated in the option contract at which the security can be bought (or sold). Also called the strike price.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of the company's profits and a right to vote on management decisions.