(A) Determine the Winner Using the Borda Method of Voting

question 50

Short Answer

$$\begin{array}{l}\text { The results of an election are summarized in the following preference table. }\\\begin{array} { l | l l l l } \text { Number of votes } & 5 & 10 & 12 & 8 \\\hline \text { First choice } & \mathrm { Q } & \mathrm { R } & \mathrm { P } & \mathrm { Q } \\\text { Second choice } & \mathrm { R } & \mathrm { Q } & \mathrm { R } & \mathrm { P } \\\text { Third choice } & \mathrm { P } & \mathrm { P } & \mathrm { Q } & \mathrm { R }\end{array}\end{array}$$ (a) Determine the winner using the Borda method of voting. (b) Is the winner the same as the one determined by the plurality method?

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Definitions:

Indirect Method

A way of calculating cash flows for operating activities in the cash flow statement by adjusting net income for changes in non-cash items.

Operating Activities

Operating activities involve the day-to-day functions of a business directly related to its provision of goods and services.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.