Table 22-6 -Refer to Table 22-6. the Table Shows the Preferences of the Preferences

question 23

Multiple Choice

Table 22-6
-Refer to Table 22-6. The table shows the preferences of 100 voters over three possible outcomes: A, B, and C. If a Borda count election were held among these voters, giving three points to each voter's first choice, two points to the second choice, and one point to the last choice, which outcome would win the election?

• A)Outcome A
• B)Outcome B
• C)Outcome C
• D)Either outcome A or outcome C since these have the same total score.

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Definitions:

Stockholders' Equity

The portion of a company's assets that belongs to shareholders after debts and liabilities have been settled.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted to cash in the short term.

Operational Assets

Operational assets are the long-term assets that a company uses in the production of its goods and services, crucial for its core operations.

Plant Assets

These are long-term tangible assets used in the operations of a business that are not intended for resale, such as machinery, buildings, and land.