Table 22-5 the Citizens of Anytown Will Decide Whether to Build a Build

question 362

Multiple Choice

Table 22-5
The citizens of Anytown will decide whether to build a new library, a recreation center, or an arena. Exactly one of the three choices will prevail, and the choice will be made by way of pairwise voting, with the majority determining the outcome on each vote. The preferences of the voters are summarized in the table below.
-Refer to Table 22-5. If (1) the first vote pits "library" against "arena," and (2) the second vote pits "recreation center" against the winner of the first vote, then the outcome is as follows:

• A)"Library" wins the first vote and "library" wins the second vote, so they build a library.
• B)"Library" wins the first vote and "recreation center" wins the second vote, so they build a recreation center.
• C)"arena" wins the first vote and "arena" wins the second vote, so they build an arena.
• D)"arena" wins the first vote and "recreation center" wins the second vote, so they build a recreation center.

---

Definitions:

Bad Debts

Accounts receivable that a company is unable to collect, often written off as an expense because they are considered irrecoverable.

Accounts Receivable

Money owed to a business by its clients for goods or services delivered but not yet paid for.

Bad Debts

Amounts owed to a company that are not expected to be received, often due to the debtor being unable to pay. These are often written off as an expense.