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Five partners
a. decisions in the partnership are made by simple majority.
b. decisions in the partnership require two-thirds of the votes.
a)
To describe:
The partnership as a weighted voting system where decisions in the partnership are made by simple majority.
Answer to Problem 1E
Solution:
The partnership as a weighted voting system by simple majority is given as,
Explanation of Solution
Given:
In the Gaussian Electric Company,
Procedure:
A given number of votes are controlled by each player in a formal voting arrangement, it is said to be weighted voting system.
Calculation:
The total share of the company is 100%. The distribution of shares of the company gives the number of votes owned by
Total number of votes is given by,
The simple majority is considered to be more than 50% of the total number of votes.
Majority is given by,
The standard notation of weighted voting system where decisions in the partnership are made by simple majority is given as,
Conclusion:
Thus, the partnership as a weighted voting system by simple majority is given as,
b)
To calculate:
The partnership as a weighted voting system where decisions in the partnership require two-thirds of the votes.
Answer to Problem 1E
Solution:
The partnership as a weighted voting system where decisions in the partnership require two-thirds of the votes is given as,
Explanation of Solution
Given:
In the Gaussian Electric Company,
Procedure:
A given number of votes are controlled by each player in a formal voting arrangement, it is said to be weighted voting system.
Calculation:
The total share of the company is 100%. The distribution of shares of the company gives the number of votes owned by
The standard notation of weighted voting system where decisions in the partnership require two-thirds of the votes is given as,
Conclusion:
Thus, the partnership as a weighted voting system where decisions in the partnership require two-thirds of the votes is given as,
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Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill