Arrow's Impossibility Theorem Is "Disturbing" in the Sense That It

question 41

Multiple Choice

Arrow's impossibility theorem is "disturbing" in the sense that it proves that

• A)no voting system is perfect.
• B)only a dictator can produce a desirable social outcome.
• C)the preferences of the wealthy should be given more weight than the preferences of the poor.
• D)the centuries-old Condorcet paradox was not a paradox after all.

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Definitions:

Effective Delegation

The process of assigning tasks or responsibilities to others in a manner that maximizes efficiency, empowers employees, and achieves desired outcomes.

GLOBE Model

A research framework and approach for understanding cross-cultural leadership behavior and its impact on organizational effectiveness.

Power Distance

A cultural dimension that reflects the extent to which inequality and power disparity are accepted and endorsed by a society or organization.

Social Norms

are the unwritten rules or expectations of behavior within a society or group, guiding members on how to act in typical situations.