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Blanche Carter has devised a system for rating the males in her economics class.She cares about their intelligence and their looks.She has ranked each male on a scale of 1 to 5 for intelligence and 1 to 3 for looks.She defines a preference relation, R, as follows: xRy if boy x scores at least as high as boy y in either looks or intelligence.Give an example to show that Blanche's method of determining preferences might not lead to transitive preferences.
Other Income
Income derived from sources other than a company's primary business operations, such as interest or rental income.
Revenue
The total amount of money received by a company for goods sold or services provided during a certain period.
Record Payments
The process of documenting all money transfers made to settle debts or for purchases in the accounting records of a company.
Perpetual Inventory Method
An accounting method for maintaining continuous records of inventory balances, with updates made for each purchase and sale transaction.
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