If Scientists Discover a New Form of Energy That Cuts

question 249

Multiple Choice

If scientists discover a new form of energy that cuts the cost of producing electricity to the equivalent of $10 a barrel, what will happen to the market for oil?

• A) The price of oil would rise because of the competition from the new energy source.
• B) The supply of oil would decrease because few suppliers can profitably produce oil at $10 a barrel.
• C) There would be no effect on the market for oil.
• D) Demand for oil would decrease over time since no one would pay more than $10 for a barrel of oil to produce energy.

Recognize errors and biases (such as leniency, severity, halo, and horns errors) that can occur in the performance appraisal process.

Grasp the importance and steps of career planning and management.

Differentiate between various performance appraisal systems (e.g., BOS, BARS, MBO).

Identify the goals of performance management and how it relates to employee and organizational development.

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Definitions:

Putting Clothes

The act of placing or dressing oneself in garments, often considered as a basic daily activity and skill.

Circadian Rhythms

Physical, mental, and behavioral changes that follow a 24-hour cycle, primarily influenced by light and darkness in an organism's environment.

Genes

The basic physical and functional units of heredity, made up of DNA, that determine specific characteristics by encoding proteins.

Environmental Factors

External influences that can affect the development, behavior, and survival of organisms, including climate, geography, pollutants, and socioeconomic conditions.