Examlex
Which one of the following represents a classification of control deficiency by the PCAOB?
Condorcet Paradox
A voting paradox in which collective preferences can be cyclic (non-transitive), meaning no clear winner can be determined through majority rule in a pairwise election.
Voting System
A method or set of rules designed to fairly determine the outcome of elections or decisions based on the collective preferences of participants.
Median Voter Theorem
A principle suggesting that the outcome of a majority vote is most likely to represent the preferences of the voter who is in the middle of the political spectrum.
Political Parties
Organizations that seek to attain political power within a government, usually by participating in electoral campaigns and organizing in the pursuit of common political goals.
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