Economist Kenneth Arrow Has Shown Mathematically That No System of Voting

question 87

Multiple Choice

Economist Kenneth Arrow has shown mathematically that no system of voting will consistently represent the underlying preferences of voters.This finding is called

• A)the Arrow impossibility theorem.
• B)Arrow's median voter model.
• C)Arrow's Amendment to the public choice model.
• D)Arrow's majority vote paradox.

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Definitions:

Average Collection Period

The average time it takes for a company to receive payments from its customers.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects its receivables or the credit it extends to customers.

Accounts Receivable Turnover

A financial ratio indicating how quickly a company collects cash from credit sales by measuring the number of times accounts receivable are collected during a period.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers.