Why Was Instant Runoff Voting (IRV) Developed?​

question 12

Multiple Choice

Why was instant runoff voting (IRV) developed?​

• A) To provide fairness in local elections, such as those for school boards and city councils
• B) To ensure that the winning candidate has the support of the majority of the voters in the district
• C) To offer representation for single-issue preferences, as they relate to stringent ideological views
• D) To distribute multiple seats fairly in a district to correspond to the proportion of the total votes cast

Understand the implications of intangible benefits in investment decision making.

Calculate and interpret the simple rate of return on an investment.

Understand the basic principles of how data is structured and stored.

Recognize the importance and uses of Big Data in organizations.

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Definitions:

Variable Overhead

Costs that vary in direct proportion to changes in levels of production or activity, such as materials and labor.

Rate Variance

The difference between the actual rate paid for something and the expected or standard rate, often used in budgeting and accounting.

Standard Machine-Hours

The predetermined amount of machine time expected to be used for a specific process or production activity, used for costing and efficiency measures.

Fixed Overhead

Fixed expenditures that are unaffected by production or sales volume, like rental fees, employee salaries, and insurance policies.