our assumptions about consumer behavior, Financial Accounting

Assignment Help:

5. A stockholder named Sue must cast a vote for chair of the board. Sue prefers Mr. Lee to Ms. Doe, Ms. Doe to Mr. James, and Mr. James to Mr. Lee.

a. Are Sue's preferences consistent with our assumptions about consumer behavior? Explain.

b. If all stockholders had the same preferences as Sue, who would win the appointment as chair of the board? Explain.

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