Shell Oil Is Provided as an Example of a Firm

question 4

Multiple Choice

Shell Oil is provided as an example of a firm effectively using scenario planning.In the 1960s,they prepared for a strong OPEC and therefore rising oil prices.What are they now predicting about future energy needs?

• A) Energy needs will continue to grow, spurred by BRIC countries.
• B) In 2025, that 20 percent of our energy will be generated from renewable technologies.
• C) That the Middle East leadership will fracture and oil prices will drop.
• D) In 2025, that 50 percent of our energy will be generated from renewable technologies.

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Definitions:

Local Finance

Financial activities and policies at a local or municipal level, including budgeting, taxation, and public spending to manage community resources.

Property Taxes

Taxes paid by property owners, based on the value of their property, to fund public services and infrastructure.

Education

A process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, discussion, and directed research.

Regressive Tax

At the individual level, a tax whose average tax rate decreases as the taxpayer’s income increases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) falls as GDP rises.