The Organization of Petroleum Exporting Countries (OPEC)
A. was founded in 1975.
B. was conceived as a collective-bargaining unit.
C. was organized in response to the formation of the European Community.
D. was effective in increasing the supply of oil.
E. has as its objective completely free trade among its members.
Answer: B
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Which of the following is NOT a characteristic of effective groups?
a. Members have common goals. b. Members are flexible in the roles they assume. c. Members establish norms for behavior and expectations. d. Members compete for the leadership position.
Which of the following statements is true with regard to paths?
a. Paths are sequences of activities in a network. b. There is usually only one path in a network. c. Once a path is determined, it cannot be changed. d. Activities in a network always follow a determined path.
Sales projections are often the most difficult part of the budgeting process because it involves a considerable amount of subjectivity.
Answer the following statement true (T) or false (F)
An increase in nondiversifiable risk would ________
A) cause an increase in the beta and would lower the required return B) have no effect on the beta and would, therefore, cause no change in the required return C) cause an increase in the beta and would increase the required return D) cause a decrease in the beta and would, therefore, lower the required rate of return