Examlex

Solved

Use the Following Information to Answer the Questions:
There \quad

question 63

Essay

Use the following information to answer the Questions:
There are 18 delegates to a political party's convention at which four people
-A, B, C, and D- have been nominated as the party's candidate for governor. The delegates' preference schedule is shown below. \quad \quad \quad \quad \quad \quad Number of delegates \text { Number of delegates }
894 First choice  A  B  C  Second choice  B  A  B  Third choice  C  D  A  Fourth choice  D  C  D \begin{array}{llll}&8&9&4\\\text { First choice } & \text { A } & \text { B } & \text { C } \\\text { Second choice } & \text { B } & \text { A } & \text { B } \\\text { Third choice } & \text { C } & \text { D } & \text { A } \\\text { Fourth choice } & \text { D } & \text { C } & \text { D }\end{array}
-What nominee would be elected if the party uses a rank system that assigns 5, 4, 1, and 0 point(s) for a first, second, third, and fourth choice, respectively? Is this result different from that which results from a Borda count?


Definitions:

Machine-Hours

A measure of the amount of time machines are running in the production process, used as a basis for allocating overhead costs.

Manufacturing Overhead

All indirect costs related to the production process, such as maintenance, utilities, and quality control, not directly traceable to a product.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated before the production process begins based on estimated costs and activity levels.

Job-Order Costing

An accounting method used to assign costs to specific products or jobs, typically utilized in custom or specialized production.

Related Questions