Scenario 22-3 The Following Table Shows the Preferences for the Five Voters

question 25

Multiple Choice

Scenario 22-3
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 22-3.Consider the public policy for dealing with the diseased trees.According to plurality rule - the policy that the most people rank first - which policy wins?

• A)A
• B)B
• C)C

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Definitions:

Dividends Declared

The portion of a company's earnings that is approved by the board of directors to be distributed to shareholders.

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the business.

Dividends In Arrears

Dividends on preferred stock that have not been paid in the scheduled time but are owed to preferred shareholders.

Cumulative Preferred Shares

Cumulative Preferred Shares are a type of preferred stock where dividends accumulate if not paid out, ensuring shareholders are paid past dividends before common shareholders.