If the Price of Crude Oil Fell Significantly, Which of the Following

question 47

Multiple Choice

If the price of crude oil fell significantly, which of the following would be most likely to happen?

• A) The price of air travel would increase.
• B) The demand for large cars would increase.
• C) The price of gasoline would increase.
• D) The wages of workers in the automobile industry would fall.

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Definitions:

Economic Performance

Economic performance refers to the evaluation of how well an economy or business is operating, typically measured by growth, productivity, and employment rates.

Cultures

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people.

Socialization Process

The process by which individuals learn the values, norms, and required behaviors which permit them to participate as members of a society or organization.

Organizational Culture

Organizational culture comprises the values, beliefs, behaviors, and artifacts that contribute to the unique social and psychological environment of an organization.