0
It means that you give your preferences in order of what you would prefer the most down to what you would prefer the least.
"What I'd really like for my birthday is a new car, but if you can't afford that, then I'd love for you to get me a job at your company, so I can buy my own car. But if they're not hiring right now, I guess I'd settle for an iPhone."
This sort of thing finds application in some voting systems, where voters can list their choices in order of hierarchical preference. The advantage of this is that it allows you to vote for the candidate that you'd really like to win, but still not be 'throwing away your vote' if that candidate has no realistic chance of winning the election.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How to calculate cost of preference shares?
Kp (cost of pref. share) = Annual dividend of preference shares Market price of the preference stock
What is monotonic preference?
monotonic preference means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction.
What is the importance of scale of preference to firms?
the importance of scale of preference to firms is right choices of goods to produce an efficient utilization of resources
What is the advantage of scale of preference in economic?
it is a scince
What is choice in economics?
choice is giving preference to your needs.
What is the sizing of figures as determined by social rank called?
Hierarchic scale
What has the author L F Jackson written?
L. F. Jackson has written: 'The Engel curve for variety and hierarchic demand systems'
What is a sentence for preference?
what is your preference? my Preference does not matter at all!
What is a sentence using the word preference?
I have a preference for chocolate over vanilla ice cream.
What is brand preference?
Brand preference is the preference of one brand over another based on equal availability and price. Brand preference is studied in market research.
What are the types of preference share?
1.cumulative preference share capital 2.non cumulative preference share capital 3.participative preference share capital 4.non participative preference share capital
What is a noun for prefer?
Preference is the noun form.
What are the various types of preference share?
1.cumulative preference share capital 2.non cumulative preference share capital 3.participative preference share capital 4.non participative preference share capital
Who will paid first debenture holders or preference share holders?
Debenture holders will get preference over preference shareholders
What is the verb for preference?
The verb of preference is prefer. As in "to prefer something over something else".
What is meant by preference share?
What will happen to my preference shares If there is a merger?
What is career preference?
Your career preference is the career field in which you prefer. For example, if you prefer to be a teacher as a profession, then that would be your career preference.
