Table 151 Suppose $1 Billion Is Available in the Budget and Parliament

question 51

Multiple Choice

Table 15.1
$\begin{array}{|c|c|c|c|} \hline & \text { Ivy } & \text { Jasmine } & \text { Rose } \\\hline \text { Subsidies for education } & \text { 2nd } & \text { 3rd } & \text { 1st } \\\hline \text { Research on Alzheimer's } & \text { 3rd } & \text { 1st } & \text { 2nd } \\\hline \text { Subsidies for daycare } & 1 \text { st } & \text { 2nd } & \text { 3rd }\\\hline\end{array}$
Suppose $1 billion is available in the budget and Parliament is considering allocating the funds to one of the following three alternatives: 1) Subsidies for education, 2) Research on Alzheimer's or 3) Subsidies for daycare. Table 15.1 shows three voters' rankings of the alternatives.
-Refer to Table 15.1.Suppose a series of votes are taken in which each pair of alternatives is considered in turn.The first pair considered is between subsidies for education and research on Alzheimer's.The second pair considered is between Alzheimer's research and increased subsidies for daycare.The third pair considered is between education subsidies and increased subsidies for daycare.In this case, the collective preferences of the voters

• A)turn out to be transitive and will yield a consistent outcome.
• B)turn out to be transitive but will not result in a consistent outcome.
• C)turn out not to be transitive and will not result in a consistent outcome.
• D)turn out not to be transitive but will yield a consistent outcome.

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Definitions:

Supply Chain Management

The oversight and management of the flow of goods and services from the point of origin to the point of consumption.

Competitive Advantage

A situation or factor that gives a business an advantage or superior standing over its rivals in the industry.

True Differentiation

The process of making a product or service stand out as unique among competitors in the eyes of the target market through real, significant differences.

Service Demand

The need or desire for intangible products such as skills, expertise, or activities that provide value or benefit to consumers.