If There Are 8 Candidates in an Election, How Many

question 53

Multiple Choice

If there are 8 candidates in an election, how many pairwise comparisons need to be made in order to
Determine a winner?

• A)28
• B)8
• C)36
• D)56

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Definitions:

Corporate Form

Corporate form refers to the legal structure of an organization as a corporation, which is a legal entity distinct from its owners, with its rights, privileges, liabilities, and regulations.

Business Ownership

The legal right or status of possessing a company or trade, encompassing sole proprietorships, partnerships, corporations, and other entity structures.

Advantages

Benefits or favorable aspects that contribute to achieving success in a certain context, often used to compare options in decision-making processes.

Agency Costs

Agency costs arise from conflicts of interest between managers and shareholders, leading to expenses that do not necessarily benefit the shareholders.