Table 22-9 -Refer to Table 22-9.The Table Shows the Preferences of 100

question 147

Multiple Choice

Table 22-9

-Refer to Table 22-9.The table shows the preferences of 100 voters over three possible outcomes: A,B,and C.If a Borda count election were held among these voters,giving three points to each voter's first choice,two points to the second choice,and one point to the last choice,which outcome would win the election?

• A) Outcome A
• B) Outcome B
• C) Outcome C
• D) Either outcome A or outcome C since these have the same total score.

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Definitions:

Time of Settling

The specific point when the obligations of a financial transaction are fulfilled.

Foreign Subsidiary

A company that is based in one country but is controlled by a parent company in another country, operating under the laws and regulations of the country where it is located.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determining the currency it uses for reporting financial statements.

Exchange Gain

The gain resulting from a favorable change in exchange rates affecting the value of foreign currency transactions.