The Simple Majority Decision Rule May Generate Results That Are

question 37

Multiple Choice

The simple majority decision rule may generate results that are

• A) efficient,because the projects undertaken are the ones desired by more than 50 percent of the people.
• B) efficient,because projects are undertaken only if total benefits exceed total costs.
• C) efficient,because the intensity of individuals' preferences are considered.
• D) inefficient when the total benefits of projects undertaken are less than the total costs.
• E) inefficient when the intensity of individuals' preferences are considered.

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Definitions:

Positive Expectancy

The belief that one's efforts will result in positive outcomes, influencing motivation and persistence in tasks.

High Need

A condition in which there is a significant demand or requirement for a particular resource, service, or condition.

Positive Instrumentality

the belief that performing well will lead to the attainment of desired outcomes or rewards.

Self-efficacy Theory

A psychological concept suggesting that an individual's belief in their ability to perform tasks leads to better performance and outcomes.