Computer Specialists Is Planning a Group Vacation to One of the Following

question 62

Multiple Choice

Computer Specialists is planning a group vacation to one of the following locations: Alaska (A) , Florida (F) , San Antonio (S) , or Hawaii (H) . The employees rank the four possible sites according To the following preference table:
If the four voters who voted F, S, H, A, in that order, change their votes to H, S, A, F, and if the Plurality with elimination method is used to determine the winner, is the monotonicity criterion Satisfied?

• A) Yes
• B) No

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Definitions:

Externalities

Costs or benefits that affect parties who did not choose to incur that cost or benefit, often leading to market failure if unaddressed.

Moral Hazard

A situation in which one party engages in risky behavior or lacks incentive to guard against risk because another party bears the consequences.

Moral Hazard

The situation in which one party can take risks because they know that they will not have to bear the full consequences of their actions.

Life Insurance

A contract between an insurer and a policyholder, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.