Opponents of the Keystone XL Oil Pipeline Contend

question 38

Multiple Choice

Opponents of the Keystone XL oil pipeline contend

• A) the pipeline will transport the cleanest oil on earth.
• B) that the process used to extract oil from tar sands creates the dirtiest oil on earth.
• C) that oxygen emitted in the process will cause damage to the atmosphere.
• D) that the process uses little energy to extract the oil, but is too costly to produce.
• E) that the Canadian oil flooding the market will raise gas prices.

Learn the significance of language and framing in influencing thought and decision-making.

Know the role of cognitive styles in problem-solving and decision-making processes.

Understand strategies for fostering creativity and overcoming mental fixedness and unnecessary constraints in problem-solving.

Grasp the concept of making decisions under conditions of uncertainty.

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Definitions:

Operating Profit

The profit earned from a firm's normal business operations, excluding deductions of taxes and interest.

Markdown

A reduction in the selling price of goods or services, often used as a sales strategy to encourage consumer purchases or to clear older stock.

Mark-up

The difference between the cost of a product or service and its selling price, expressed as a percentage of the cost.

Spoilage

Products or materials that have become unfit for sale or use, often leading to financial loss for a business.