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Seven board members of a company must decide between two other board members (A and B) for a certain position. The voters are concerned with two issues and their ideal points are represented as ordered pairs: (1, 5), (3, 3), (5, 2), (6, 4), (6, 2), (4, 4), and (3, 2). Assume that A and B announce policy positions of (2, 2) and (5, 4), respectively.
-Which candidate would be elected for the position based on the ideal points?
Unrealized Gain
A profit that results from an investment that has increased in value but has not yet been sold for cash.
Acquisition Differential
The gap between what a company is bought for and the true worth of its recognizable assets and debts.
Goodwill Impairment
Goodwill impairment occurs when the market value of a company's goodwill asset falls below its book value, indicating that the asset is overvalued on the balance sheet.
Long-Term Liabilities
Financial obligations of a company that are due after a year or more.
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