In the Context of a Voting System, Unanimity Means That $X$

question 89

Multiple Choice

In the context of a voting system, unanimity means that:

• A)if option \( X \) beats option \( Y \), and \( Y \) beats \( Z \), then \( X \) should beat \( Z \)
• B)if \( A \) beats \( B \), and \( B \) beats \( C \), then \( A \) should beat \( C \)
• C)the ranking between any two outcomes \( \mathrm{A} \) and \( \mathrm{B} \) should not depend on whether some third outcome \( C \) is also available
• D)if everyone prefers option \( X \) to option \( Y \), then \( X \) should beat \( Y \)

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Definitions:

Beta

A gauge for determining the volatility or inherent risk of a security or portfolio against the market at large.

Dividend

A disbursement from a company to its shareholders, commonly in the form of profit distribution.

Decline Rate

The rate at which the production of a resource, such as oil or gas, decreases over time.

CAPM

Capital Asset Pricing Model, a model that describes the relationship between systematic risk and the expected return for assets, particularly stocks.