Table 22-4 Five Voters Must Choose from Among Four Options: A, B

question 163

Multiple Choice

Table 22-4
Five voters must choose from among four options: A, B, C, or D. Each voter's preferences are summarized in the table below. Options higher in the table are more preferred by the voter.

-Refer to Table 22-4.Which pairwise voting scheme would result in outcome D?

• A) First, choose between A and B. Second, voters choose between the winner of the first vote and C. Third, voters choose between the winner of the second vote and D.
• B) First, choose between B and D. Second, voters choose between the winner of the first vote and C. Third, voters choose between the winner of the second vote and A.
• C) First, choose between C and D. Second, voters choose between the winner of the first vote and A. Third, voters choose between the winner of the second vote and B.
• D) First, choose between C and D. Second, voters choose between the winner of the first vote and B. Third, voters choose between the winner of the second vote and A.

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Definitions:

Lucid Period

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Will Substitutes

Non-probate methods for transferring assets upon death, such as trusts, joint tenancies, and payable-on-death accounts, designed to avoid the probate process.

Joint Tenancy

A form of co-ownership where two or more individuals hold equal shares in a property, with the right of survivorship.

Life Insurance

A contract between an insurance policyholder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.