If a Candidate Does Not Win More Than 50 Percent

question 36

Multiple Choice

If a candidate does not win more than 50 percent of the votes but still has more votes than any other candidate, he or she has achieved a ______.

• A) runoff
• B) plurality
• C) paradox
• D) midterm

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Definitions:

Internal Rate of Return

A financial metric used to evaluate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows from a particular project equal to zero.

Average Rate of Return

A financial ratio that demonstrates the profitability of an investment by comparing the average annual profit to the initial investment cost.

Average Investment

Average investment refers to the mean value of the initial and final investment over a certain period, often used in calculating returns and payback periods.

Average Annual Income

The average amount of money earned per year over a specified period.