Table 22-17 Voter Type

question 270

Multiple Choice

Table 22-17
Voter Type

-Refer to Table 22-17. The table shows the preferences for three types of voters over three possible outcomes: A, B, and C. The table also shows the percentage of voters of each type. Based on this information, which of the following statements is true?

• A) In a vote between B and C, C loses since only the Type 1 voters prefer C to B.
• C) In a vote between A and B, B wins getting 85% of the total vote.
• D) In a vote between A and C, C loses getting only 45% of the total vote.
• D) Both a and

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Definitions:

Net Income

The sum of a company's income once all costs and taxes are subtracted from its total revenue.

Variable Expenses

Costs that vary in direct proportion to changes in the level of activity or volume of goods produced.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums, providing stability in financial planning.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, with no net profit or loss.