Scenario 22-2 The Following Table Shows the Preferences for the Five Voters

question 125

Multiple Choice

Scenario 22-2
The following table shows the preferences for the five voters in a city regarding how to deal with the city's diseased trees.

A = do nothing
B = follow the expert's advice to remove every tree
C = remove every 4th tree now and perhaps more later
D = use an untested spraying alternative
-Refer to Scenario 22-2.Consider the public policy for dealing with diseased trees.Based on the preferences in the table,which of the following statements is correct?

• A) Outcome D is preferred to outcome C overall.
• B) Outcome B is preferred to outcome C overall.
• C) Outcome D is preferred to outcome B overall.
• D) Outcome A is preferred to outcome D overall.

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Definitions:

Forecasted Cost

An estimate of the expenses that will be incurred on a project or by a company in a future period.

Average Cost

The total cost of goods available for sale divided by the total number of units available for sale, determining an inventory valuation.

Sensitivity

The degree to which the value of an investment or financial metric responds to changes in market conditions or other variables.

Net Present Value

A calculation used to determine the current value of a series of future cash flows by discounting them at a specific rate.