An Ideal Voting System Cannot Have

question 112

Multiple Choice

An ideal voting system cannot have:

• A)a person who has the power to single-handedly enact his or her own preferences.
• B)a person who can convince everyone to vote for his or her preferences, and not their own.
• C)a vote for a one-dimensional issue.
• D)transitivity of preferences.

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual and expected (or standard) variable overhead costs based on the actual production hours.

Standard Activity

A benchmark or norm for measuring performance or efficiency, often used in costing and budgeting processes.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or job orders, calculated before the production period based on estimated costs and activity levels.

Labor Rate Variance

It's the difference between the actual cost of labor and the budgeted or standard cost of labor.