Table 22-5 the Citizens of Anytown Will Decide Whether to Build a Build

question 32

Multiple Choice

Table 22-5
The citizens of Anytown will decide whether to build a new library, a recreation center, or an arena. Exactly one of the three choices will prevail, and the choice will be made by way of pairwise voting, with the majority determining the outcome on each vote. The preferences of the voters are summarized in the table below.
-Refer to Table 22-5. If the citizens of Anytown use a Borda count, rather than pairwise majority voting, to decide what to build, then they will build a new

• A)library.
• B)recreation center.
• C)arena.
• D)None of the above is correct; a Borda count fails to produce a winner in this instance.

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Definitions:

Compounded Annually

A method of calculating interest where the interest rate is applied once per year, and each year’s interest calculation includes the interest from the previous years.

Annual Rents

Regular payments made for the use of property or land over a yearly basis.

Compound Interest Tables

Reference tables used to find the amount of compound interest earned or payable over a period of time, based on various rates and compounding frequencies.

Deferred Ordinary Annuity

A financial product where regular payments are deferred to start at a future date, often used for retirement savings.