1. This is a credit card fee that you have to pay when you withdraw money from the card at an ATM? a. Decline Fee b. Balance Transfer Fee c. Application Fee d. Cash Advance Fee 2. Generally called the buyer’s or homeowner’s equity or a type of payment, often in cash, made in the early stages of a purchase of an expensive good or service. a. Down payment b. Amortization c. Mortgage loan d. Home ownership 3. It is sometimes called a “winner-take-all” method. a. Plurality Method b. Borda Count Method c. Pairwise Comparison d. Plurality with Elimination 4. If Peter is preferred over Ned in a head-to-head comparison and Peter is preferred over MJ and Peter is preferred over May, then Ned should win the election. Does this satisfy the Condorcet Criterion? a. No, because it should be Peter. b. No, because it should be MJ. c. Yes, because it is an election. d. Yes, because it is a one-on-one comparison.

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter2: Analyzing Transactions Into Debit And Credit Parts
Section2.1: Using T Accounts
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Subject: Mathematics in the Modern World (MMW) 1. This is a credit card fee that you have to pay when you withdraw money from the card at an ATM? a. Decline Fee b. Balance Transfer Fee c. Application Fee d. Cash Advance Fee 2. Generally called the buyer’s or homeowner’s equity or a type of payment, often in cash, made in the early stages of a purchase of an expensive good or service. a. Down payment b. Amortization c. Mortgage loan d. Home ownership 3. It is sometimes called a “winner-take-all” method. a. Plurality Method b. Borda Count Method c. Pairwise Comparison d. Plurality with Elimination 4. If Peter is preferred over Ned in a head-to-head comparison and Peter is preferred over MJ and Peter is preferred over May, then Ned should win the election. Does this satisfy the Condorcet Criterion? a. No, because it should be Peter. b. No, because it should be MJ. c. Yes, because it is an election. d. Yes, because it is a one-on-one comparison.
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