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Use the following information to answer the Questions
A 17-member committee must elect one of four candidates: R, S, T, or W. See the preference schedule below.
-R wins using the plurality method. Could those members who most prefer S vote strategically in some way to change the outcome in a way that will benefit them?
Maximizing Profits
The process or strategy of adjusting operations, costs, and pricing to achieve the highest possible return or net income.
Division Revenues
The total amount of income generated by a specific division or section of a company through its operations and sales.
Parent Company
A company holding a sufficient amount of another firm's voting shares to influence or determine its board of directors, thereby controlling its management and operational decisions.
Incentives
Benefits or rewards offered to encourage specific actions or behaviors.
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