Which of the Following Is a Consequence of Winner-Take-All Elections

question 2

Multiple Choice

Which of the following is a consequence of winner-take-all elections?

• A)They ensure that no vote is effectively wasted.
• B)They diminish the success of the winner.
• C)They exaggerate the success of the winner.
• D)They neither exaggerate nor diminish the success of the winner.
• E)They ensure minority interests are fairly represented.

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Definitions:

Absorption Costing

An accounting method where all of the costs associated with manufacturing a product are absorbed by the units produced.

Fixed Manufacturing Overhead

Indirect production costs that remain constant regardless of the level of production, such as rent and salaries of managers.

Fixed Manufacturing Overhead

The consistent, indirect costs associated with manufacturing that do not vary with the level of production, such as rent, insurance, and salaries of permanent staff.

Variable Costing

A costing method that includes only variable production costs (direct materials, direct labor, and variable overhead) in product costs, excluding fixed overhead.