Assume That Councillor 3 Has to Take a Family Member $\succ$

question 12

Multiple Choice

assume that Councillor 3 has to take a family member to the emergency room and has a very poor experience with the level of medical care provided at the local hospital. This leads her to view improving medical care as a higher priority than improving education in the municipality, if money is to be spent improving any programs. Councillors 1 and 2 do not change their preference orderings. Thus, the councillors now have the following preference orderings over the spending choices:
Councillor 1: Education $\succ$ Medical $\succ$ Tax cut
Councillor 2: Medical $\succ$ Tax cut $\succ$ Education
Councillor 3: Tax cut $\succ$ Medical $\succ$ Education
Assume that the councillors hold a round-robin tournament that pits each alternative against every other alternative in a series of pair-wise votes. The winner is the alternative that wins the most contests. Based on this information, answer the following four questions.
-Given the preference orderings listed above, what would the result be of a pair-wise contest between the spending choices medical and tax cut?

• A) education
• B) medical
• C) tax cut
• D) it would be a tie

Understand the concept of treasury shares and their financial reporting.

Learn how to prepare journal entries for issuing ordinary and preference shares, including par, stated, and no-par value shares.

Acquire the ability to prepare journal entries for various corporate financial transactions, including share issuance, cash dividends, and treasury share transactions.

Develop skills in matching financial terms with their definitions in the context of corporate finance.

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Definitions:

Prostate Gland

A gland in the male reproductive system that produces a fluid which helps to nourish and transport sperm.

Bulbourethral Glands

Small glands located near the base of the penis, involved in secreting a fluid that lubricates and neutralizes acidity during sexual arousal.

Seminal Vesicles

are paired glands located near the male bladder that produce a significant portion of the fluid constituting semen.

Prostate Gland

A gland in males surrounding the neck of the bladder and urethra, involved in the production of seminal fluid.