Refer to the Provided Table, Which Shows the Ranked Preferences

question 50

Multiple Choice

Refer to the provided table, which shows the ranked preferences of voters for three alternative projects, with "1" being the top preference.This situation illustrates the voting inconsistency where a majority of voters prefer the

• A)stadium over the park, the park over the jail, and the jail over the stadium.
• B)park and jail over the stadium, and the jail over the park.
• C)stadium over the jail, the jail over the park, and the park over the stadium.
• D)stadium and jail over the park, and the park over the jail.

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Definitions:

Budgeted Cost

An estimated cost for planned transactions or activities, often used in budgeting processes for performance evaluation and planning purposes.

Standard Costs

Predetermined costs for materials, labor, and overhead used as a benchmark to measure performance and cost control.

Clerical Costs

Expenses related to the administrative functions of an office, including salaries of office staff, stationery, and office supplies.

Standard Costs

Estimated or predetermined costs of manufacturing, selling, and administering a product or service.