Table 22-2 Three Longtime Friends-Allen, Brian, and Cody-Are Deciding How They Will

question 245

Multiple Choice

Table 22-2
Three longtime friends-Allen, Brian, and Cody-are deciding how they will spend their Sunday afternoon. They all agree that they should do one of three things: go to a movie, play golf, or go to a baseball game. They also agree that they will have two pairwise votes to determine how to spend their afternoon, with the majority determining the outcome on each vote. The first, second, and third choices for each person are as indicated in the table below.
-Refer to Table 22-2. If Allen, Brian, and Cody use a Borda count, rather than pairwise majority voting, to decide how to spend their afternoon, then they will

• A)watch a movie.
• B)play golf.
• C)watch a baseball game.
• D)None of the above is correct; a Borda count fails to produce a winner in this instance.

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Definitions:

Journal Entry

A recording of a financial transaction in an accounting system.

Debits Checking

The act of verifying or recording amounts debited from a checking account.

Customer Transaction

Any financial transaction or activity involving the sale of goods or services to customers.

Receive Payments

The process of recording the receipt of money from customers in payment for goods or services provided.