Use the Following Information to Answer the Questions
a $\quad$

question 72

True/False

Use the following information to answer the Questions
A group of 22 young people must decide whether to go to the beach (B), the mountain (M), or the zoo (Z) on a field trip. Their preference rankings are summarized in the table below, and the decision will be made using a Borda count. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of voters }$
$\begin{array} { l c c c } & 10 & 8 & 4 \\\text { First choice } & \mathrm { B } & \mathrm { M } & \mathrm { Z } \\\text { Second choice } & \mathrm { M } & \mathrm { B } & \mathrm { M } \\\text { Third choice } & Z & Z & \mathrm {~B}\end{array}$
-Can the eight voters in the middle column change the results of the vote to their favor by changing their preference rankings?

Understand the characteristics and behaviors of effective leaders in decision groups.

Recognize the importance of consensus and collaborative efforts in group decision processes.

Identify the role and impact of group composition on team dynamics and outcomes.

Comprehend the benefits and challenges of self-managed teams.

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Definitions:

Planning Horizon

The timeframe over which future projections or strategic plans are made and considered.

Financial Planning

The process of creating strategies for managing financial affairs to meet life goals, including budgeting, investing, and saving for the future.

Short Run

A period in which at least one factor of production is considered fixed, typically affecting decisions in economics and business.

Internal Growth Rate

The maximum rate at which a company can expand using only internal financing sources, without external financing.