The Condorcet Voting Paradox Applies to Situations in Which Voters

question 279

Multiple Choice

The Condorcet voting paradox applies to situations in which voters

• A)decide between exactly two possible outcomes.
• B)decide among more than two possible outcomes.
• C)as a group have transitive preferences.
• D)choose the inferior candidate even though the majority preferred the better candidate.

---

Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue; it is often referred to as the bottom line.

Sustainable Growth Rate

The rate at which a company can grow its sales, earnings, and dividends without increasing its debt or equity financing.

Inventory Turnover

A measure indicating the frequency at which a company's stock is sold and replenished within a certain timeframe.

Debt-Equity Ratio

A measure identifying the ratio of debt to equity in the specific context of company asset financing.