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Table 22-2
Voters are deciding how they will spend the City of Elmongary's budget surplus.They have enough money to build one of three projects: build a school, build a skate park, or build a bike lane for commuters.They agree that they will have two pairwise votes to determine how to spend their budget, with the majority determining the outcome on each vote.The first, second, and third choices for each project are as indicated in the table below.
-Refer to Table 22-2.Which statement regarding the Condorcet paradox and the results of pairwise voting in Elmongary is most accurate
Corporation
A legal entity that exists separately from its owners.
Legal Entity
Any organization that possesses separate legal personality from its members, such as corporations, partnerships, and sole proprietorships.
Personal Liability
The legal responsibility of an individual to bear the cost of damages or debt incurred through their actions or ownership.
Sole Proprietorship
A business owned and operated by a single individual, with no legal distinction between the owner and the business.
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