Table 22-3 the Citizens of Anytown Will Decide Whether to Build a Build

question 193

Multiple Choice

Table 22-3
The citizens of Anytown will decide whether to build a new library, a new community center, or a new ice rink. Exactly one of the three choices will prevail, and the choice will be made by way of pairwise voting, with the majority determining the outcome on each vote. The preferences of the voters are summarized in the table below.

-Refer to Table 22-3.If (1) the first vote pits "library" against "ice rink," and (2) the second vote pits "community center" against the winner of the first vote,then the outcome is as follows:

• A) "Library" wins the first vote and "library" wins the second vote, so they build a library.
• B) "Library" wins the first vote and "community center" wins the second vote, so they build a community center.
• C) "Ice rink" wins the first vote and "ice rink" wins the second vote, so they build an ice rink.
• D) "Ice rink" wins the first vote and "community center" wins the second vote, so they build a community center.

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Definitions:

Money

A medium of exchange, measure of value, or means of payment, typically in the form of coins and banknotes, used to facilitate transactions.

Uniform Commercial Code

A comprehensive set of laws that govern commercial transactions in the United States, intended to standardize legislations across states and simplify interstate commerce.

Negotiable Instruments

Financial documents representing a promise to pay a specific amount of money to the bearer on demand or at a future date, such as checks, drafts, and promissory notes.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to a specified person.