Scenario 22-3 ​

question 39

Multiple Choice

Scenario 22-3
​
At issue in a particular city vote is how much to spend, per person, on road repair next year. Among the 10,000 voters, 2,900 prefer to spend $500 per person, but no more; 2,200 prefer to spend $600 per person, but no more; 1,900 prefer to spend $800 per person, but no more; 1,600 prefer to spend $1,200 but no more, and 1,400 prefer to spend $1,400 per person, but no more.
-Refer to Scenario 22-3. If there is a vote on whether to spend $800 per person or $1,200 per person, the median voter will vote to spend

• A)$800 per person and the voting outcome will be $800 per person.
• B)$800 per person and the voting outcome will be $1200 per person.
• C)$1200 per person and the voting outcome will be $800 per person.
• D)$1200 per person and the voting outcome will be $1200 per person.

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Definitions:

Straight Rebuy

A routine purchasing decision where a buyer reorders a product or service without modifications or consideration of alternatives.

Modified Rebuy

A buying situation in which an organization makes an alteration to an existing purchase decision.

Financial Risk

The possibility of losing money on investments or business operations due to various factors.

Hulu App

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