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In which type of voting system does the candidate with the most votes win the office?
Book Value
The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from total assets.
Historical Cost
The actual cost of an asset at time of purchase.
Legal Liability
Obligations under the law arising from civil actions or claims against an entity or individual, encompassing contractual obligations and tort claims.
Limited Life
A concept depicting that an entity or asset has a finite operational life or duration of existence.
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