Increased Global Consumption of Petroleum Has Resulted In

question 29

Multiple Choice

Increased global consumption of petroleum has resulted in:

• A)increased MDC dependence on LDCs for oil.
• B)several oil crises.
• C)conservation and national security efforts.
• D)all of the above
• E)none of the above

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Definitions:

Binding Written Agreement

A contract documented in writing that is legally enforceable between two or more parties.

Entrepreneurship

The act of creating, designing, and running a new business, often initially a small business, offering products, processes, or services for sale or hire.

Emancipated Minor

A legal status granted to individuals under the age of 18, allowing them to enjoy adult rights and responsibilities due to certain circumstances.

Ratification

The principal’s approval of an unauthorized act performed by an agent or by one who has no authority to act as an agent. Also, an approval of a contract made by a minor after reaching maturity.