The Invention of the Automobile Dramatically Increased the Demand for Oil

question 17

True/False

The invention of the automobile dramatically increased the demand for oil products.

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Definitions:

Governance Structures

Frameworks and systems through which corporations are directed and controlled, including board composition and roles.

Organizational Formalization

The degree to which an organization uses rules, procedures, and structured communication to order its activities.

Entrepreneurial Behavior

Actions and attitudes indicative of an individual's willingness to take risks and innovate in pursuit of new business opportunities.

Entrepreneurial Capabilities

The skills, knowledge, and attitudes required to identify opportunities, create, and grow successful new ventures.