Figure 144

question 8

Multiple Choice

Figure 14.4.2, Production and Reserves of Fossil Fuels
-Globally, the world's ratio of reserves to annual production for oil, gas, and coal are currently:

• A) 51, 57, and 125 years respectively
• B) 11, 17, and 75 years respectively
• C) 125, 154, and 51 years respectively
• D) 51, 125, and 57 years respectively
• E) 125, 51, and 57 years respectively

---

Definitions:

Entrepreneur

A person who organizes, operates, and assumes the risk for a business venture, often introducing new products, services, or business processes.

Short-Term Loans

Financial borrowing intended to be repaid within a short period, usually less than a year.

Discounted Present Value

A method of valuing a future amount of money by applying a discount rate to adjust for time and risk.