If the Price of a Depleting Resource Does Not Rise

question 103

Multiple Choice

If the price of a depleting resource does not rise as anticipated, it may be because

• A)the government prohibited the methods to extract the resource.
• B)new methods of mining or refining were developed.
• C)a price floor was passed by law.
• D)firms that distribute the resource cartelized.

---

Definitions:

Strategic Challenges

Difficulties or obstacles encountered in planning and executing strategies to achieve long-term goals.

Global HR

Human resource strategies and practices that are applied across and adapt to the multinational contexts of global organizations.

Business Decisions

The choices made by individuals or groups in a business context that affect the organization's strategy and operations.

Meganational Strategy

A business approach that focuses on operating and competing in several countries around the world, leveraging global efficiencies and multicultural effectiveness.