The Organization for Economic Cooperation and Development (OECD),representing 30 Nations,issued

question 2

True/False

The Organization for Economic Cooperation and Development (OECD),representing 30 nations,issued a revised set of principles of corporate governance in 2004 to serve as a benchmark for companies and policymakers worldwide.

---

Definitions:

Pairwise Voting

A voting system where candidates or options are compared and voted on in pairs, with the winner determined by a series of individual contests.

Community Spending

The allocation of funds by local, municipal, or community entities towards projects and services that benefit the community.

Condorcet Paradox

A situation in social choice theory where collective preferences can be cyclical, even if the preferences of individual voters are not.

Satisficing

A decision-making process that entails searching through the available alternatives until an acceptability threshold is met rather than looking for the best possible solution.