The Small Country of Barksdale, Consisting of the Four States

question 3

Multiple Choice

The small country of Barksdale, consisting of the four states Ichabod, Maize, Ranger, and Tala, needs to apportion all of the seats in its newly created Parliament. The table below gives the standard quotas for each of the states.

If the population of Ichabod is 22,932, then what is the total population of Barksdale?

• A) 129780
• B) 135240
• C) 139610
• D) 152140
• E) None of the above.

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Definitions:

Corporation

A legal entity separate from its owners, with rights to own assets, incur liabilities, hire employees, enter contracts, and provide protection for its shareholders.

Sole Proprietorship

A type of business ownership where a single individual owns, manages, and is responsible for all aspects of the business.

Limited Liability Corporation

An organizational form that integrates the single-level taxation characteristic of partnerships and sole proprietorships with the protective limited liability feature of corporations.

Debt Financing

Acquiring funds for business activities by borrowing money, typically through loans or by issuing bonds, that must be repaid with interest.