Howard Is Reflecting on the Rapid Change in the Inflation

question 10

Multiple Choice

Howard is reflecting on the rapid change in the inflation rate that was once stable.The rise in oil prices by 50% over the past year has dramatically caused every company to increase the prices of their products.What environment is oil part of?

• A) resource environment
• B) technological environment
• C) specific environment
• D) general environment

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Definitions:

Crustaceans

A diverse group of aquatic animals that have a hard exoskeleton, including species such as crabs, lobsters, and shrimps.

Mollusks

A large and diverse phylum of invertebrates that includes snails, slugs, oysters, and octopuses, with a soft body and, frequently, a calcium carbonate shell.

Notochord

A flexible rod made out of a material similar to cartilage that provides support in the embryonic stages of all chordates and some adult animals.

Phylum

A major category in the classification of living organisms, ranking above class and below kingdom.