Author Question: The goal of managers is to manage resources in such a way A) to make them worth as much as they ... (Read 117 times)

@Brianna17 · **on:** Jun 30, 2018

The goal of managers is to manage resources in such a way
A) to make them worth as much as they would be in their next best use.
B) to make them worth more than they would be in any other use.
C) to cover the cost of capital.
D) to cover all opportunity costs.

Question 2

Which of the following statements is true about voting results if preferences are intransitive?
a. The result of voting never reflects majority preferences.
b. It is impossible to predict the outcome when preferences are intransitive.
c. The person who sets the agenda (sequence of votes) may be able to control the outcome.
d. Only a Borda Count yields a unique result when preferences are intransitive.