What Would Be the Effect in the U

question 46

Multiple Choice

What would be the effect in the U.S. of increased exports of natural gas from the U.S. to foreign countries?

• A)Exports of natural gas from the U.S.would force the world-wide price of natural gas to an equilibrium and reduce the price of natural gas for consumers in the U.S.
• B)Exports of natural gas from the U.S.would result in higher prices for natural gas, benefiting producers and exporters of natural gas in the U.S.and harming consumers of natural gas in the U.S.
• C)Exports of natural gas from the U.S.would force the world-wide price of natural gas to an equilibrium which would mean that producers of natural gas in the U.S.could not charge more than the cost to produce the natural gas.
• D)The U.S.government would eventually have to prohibit exports of natural gas to foreign countries in order to control the price of natural gas.

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Definitions:

Departmentation

The process of dividing an organization into distinct departments or units, each managed separately, to streamline operations and improve efficiency.

Sales Department

A division of a business that is responsible for selling the company’s products or services to customers.

Production Department

The production department is a segment of an organization responsible for the actual creation and manufacturing of goods or services offered by the company.

R&D Department

The division within a company dedicated to research and development activities aimed at innovating and improving products or processes.