If a Pair-Wise Majority Vote Was Held to Determine Which

question 23

Multiple Choice

If a pair-wise majority vote was held to determine which school project gets funded,the voters' preferences are shown in the table,and the gym and library are voted on first,which project will win in the end?

• A) Library
• B) Computer lab
• C) Gym
• D) It is impossible to predict which project would win.

Identify the benefits of diversification strategies in business.

Identify the role of synergy in increasing the output of combined business efforts.

Differentiate between various terms and strategies such as by-product synergy, brand recognition, and economies of scale versus economies of scope.

Understand how firms can save money by applying economies of scope.

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Definitions:

Investments

Assets or items acquired with the goal of generating income or appreciation in value over time.

Risk-averse

Describes individuals or entities that prefer to avoid risk and would rather choose an option with a certain outcome over one with potentially higher but uncertain returns.

Chance

The occurrence of events in the absence of any predictable pattern or cause, associated with the concepts of probability and randomness.

Risk-neutral

A description of an investor or decision-maker who is indifferent between choices with different levels of risk, focusing solely on expected outcomes.