Why Do Some Institutions Continue to Have Biased Voting Procedures

question 11

Multiple Choice

Why do some institutions continue to have biased voting procedures that privilege some states?

• A)Weaker states prefer that more powerful states make and carry out important decisions.
• B)The powerful states that benefit from the bias resist changing the procedures.
• C)Formal institutions are easy to change,and states constantly create new procedures for their own benefits.
• D)The members of the institutions know that rules and procedures do not really matter.
• E)Powerful states want weaker states to think they can contribute to important decisions.

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Definitions:

Common Stock

Shares representing ownership in a corporation, giving holders the right to vote at shareholder meetings and to receive dividends, typically with no predetermined dividend amount.

Accrual Accounting

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transactions happen.

Equity Method

An accounting technique used to assess the earnings attributed to a company's investment in another company, reflecting its share of the investee's profits or losses.

Fair Value Method

An accounting approach where assets and liabilities are assessed and reported at their current market values, rather than their historical cost, reflecting their true economic worth.