Assume That Abby, Ben, Clara, Joe, and Matt Are the Only

question 150

Multiple Choice

Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1,000. All five citizens will share an equal portion of this cost in taxes. The benefit of the public
Good is $220 to Abby, $210 to Ben, $210 to Clara, $180 to Joe, and $120 to Matt. In a majority vote, this
Proposal will most likely be

• A) accepted, four in favor and one against.
• B) defeated, one in favor and four against.
• C) accepted, three in favor and two against.
• D) defeated, two in favor and three against.

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Definitions:

Current Liabilities

Obligations or debts that a company is expected to pay off within one year or within its normal operating cycle, whichever is longer.

Creditor's Decision

The process through which a creditor analyzes the financial stability and creditworthiness of potential borrowers before lending money.

Short-term Obligations

Financial liabilities or debts that are due to be paid within a year.

Utilities Expense

Costs incurred by a business for basic utilities, such as electricity, water, and gas, necessary for operations.