Suppose there are five people -1, 2, 3, 4, and 5-who rank projects A, B, C, and D as follows.
1 2 3 4 5
A A D C B
D C B B C
C B C D D
B D A A A
Will any project be chosen by a majority vote rule? If so, which one? lf not, explain why.© BrainMass Inc. brainmass.com October 25, 2018, 4:37 am ad1c9bdddf
The way to find if an option is selected by majority voting rule it is useful to compare each option against every other one. Start with A.
Comparing A with B, you can see that A is preferred over B by 1 and 2, and B is preferred over A by 3, 4 and 5. Thus, A loses to B by a vote of 2-3.
Comparing A with C, again A is preferred over C by 1 and 2, and C is preferred over A by 3, 4 and 5. Thus, A loses to C by a vote of 2-3.
Comparing A to D, the results above follow, and A ...
The way to find if an option is selected by majority voting rule is demonstrated here.
Managerial Finance - cumulative voting procedures of the Beasley Corporation case.
The Beasley Corporation has been experiencing declining earning, but has just announced a 50 percent salary increase for its top executives. A dissident group of stockholders wants to oust the existing board of directors. There are currently 11 directors and 30,000 shares of stock outstanding. Mr. Wright, the president of the company ,has the full support of the existing board. The dissident stockholders control proxies for 10,oo1 shares.Mr. Wright is worried about losing his job.
a. Under cumulative voting procedures, how many directors can the dissident stockholders elect with the proxies they now hold? How many directors could they elect under majority rule with these proxies? B. How many shares or proxies are needed to elect six directors under cumulative voting?View Full Posting Details