-Refer to Exhibit 32-1

question 28

Multiple Choice

-Refer to Exhibit 32-1.The exhibit shows the breakdown of benefits and costs for a four-person town considering the purchase of an additional $1,200 worth of books for the public library.If simple majority voting determines the outcome,the books will

• A) be purchased because more persons are for it than against it.
• B) be purchased because the total benefits are greater than the total costs.
• C) not be purchased even though total benefits exceed total costs.
• D) not be purchased because the total costs are greater than the total benefits.

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Definitions:

Implicit Contract

An unwritten and unspoken agreement between individuals, often based on common norms or expectations.

Formal Contract

A legally binding agreement between parties, outlined in a document with specific terms and conditions.

Measurable Objective

A specific and quantifiable goal that can be evaluated to determine if it has been achieved.

Communication Skills

The ability to convey or share information, ideas, and feelings effectively through verbal, non-verbal, written, and digital mediums.