In a Simple Majority Vote on a Public Project

question 125

Multiple Choice

In a simple majority vote on a public project,

• A) the project will never be undertaken if the costs exceed the benefits.
• B) the project may be undertaken even though the total costs exceed the total benefits.
• C) the intensity of individual preferences is taken into account.
• D) the project will always be undertaken if the total benefits exceed the total costs.

---

Definitions:

Articles Of Incorporation

Legal documents filed with a state government to officially form a corporation.

Revised Model Business Corporation Act

An updated framework designed to guide the formation, operation, and governance of corporations, aiming to standardize business practices across states.

Registered Office

The official address of a corporation or company, where legal documents are sent and statutory records are kept.

Promoter

An individual or company responsible for organizing, marketing, and often financing a project or venture, especially in the entertainment industry or in founding a corporation.