The Preference Table Shows the Results of an Election Among

question 9

Multiple Choice

The preference table shows the results of an election among three candidates, A, B, and C.
$\begin{array} { c | l } \text { Number of Voters } & \text { Ranking } \\\hline 10 & \mathrm {~A} > \mathrm { B } > \mathrm { C } \\4 & \mathrm {~B} > \mathrm { C } > \mathrm { A } \\2 & \mathrm { C } > \mathrm { B } > \mathrm { A }\end{array}$
(a) Using the plurality method, who is the winner?
(b) The voters in the two columns on the right move their last-place candidates from last place to
First place. Construct a new preference table for the election. Using the table and the plurality
Method, who is the winner?
(c) Suppose that candidate C drops out of the new table, but the winner is still chosen by the
Plurality method. Is the irrelevant alternatives criterion satisfied?

• A)A; A; no
• B)A; A; yes
• C)B; A; no
• D)A; B; yes

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Definitions:

Dividend Growth Model

A method used to estimate the value of a stock based on the prediction of future dividend payments and growth rates.

Stock Price

The cost of purchasing a share of a company as quoted on the stock market.

Constant Growth Model

An approach to valuing a company or its stock by assuming a constant rate of growth in dividends paid to shareholders, similar to the Dividend Growth Model.

Taxable Income

the amount of income that is subject to income tax after allowances, deductions, and exemptions.