Use the Preference Schedule of 23 Voters for Three Candidates $\quad$

question 6

Short Answer

Use the preference schedule of 23 voters for three candidates (A, B, and C) shown below to answer the following Questions
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of students }$
$\begin{array}{lllll}& 8 & 5 & 6 & 4 \\\text { First choice } & \mathrm{A} & \mathrm{C} & \mathrm{B} & \mathrm{B} \\\text { Second choice } & \mathrm{C} & \mathrm{A} & \mathrm{C} & \mathrm{A} \\\text { Third choice } & \mathrm{B} & \mathrm{B} & \mathrm{A} & \mathrm{C}\end{array}$
-Which candidate, if any, wins in a majority rule election?

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Definitions:

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals.

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs involved in maintaining the operation.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Legal Formalities

The required procedures or steps mandated by law for ensuring that legal acts or documents are valid and enforceable.