Which of the Following Explains Why It Is Typically Easier

question 84

Multiple Choice

Which of the following explains why it is typically easier to maintain a cartel in a natural resource than in a manufactured good?

• A) Natural resources are usually more valuable than manufacturing goods.
• B) Natural resources are only found in certain places.
• C) Manufacturing goods are hard to replace.
• D) Supply of natural resources tends to be more elastic than supply of manufacturing goods.

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Definitions:

Project Risk

Potential problems or uncertainties that could impact the successful completion, quality, or timeline of a project.

Day Rate Basis

A method of compensation where payment is made based on a daily rate rather than on the completion of tasks.

Role Of Suppliers

The responsibility and function of suppliers in providing materials, products, or services necessary for the operation of a business or the completion of a project.

Logistics

The detailed organization and implementation of a complex operation, often referring to the movement, storage, and flow of goods, services, and information.