Refer to Scenario: ConocoPhillips

question 113

Multiple Choice

Refer to Scenario: ConocoPhillips.What is the main reason that ConocoPhillips is downsizing?

• A)restructuring of exploration work
• B)declining company profits
• C)low company share prices
• D)lower spending forecasts and less deep water exploration work

---

Definitions:

Efficiency And Equality

The balance between optimizing resource use and distributing goods and services fairly among society members.

Careful Planning

The process of meticulously organizing actions and tasks ahead of time to achieve a desired goal.

Goods And Services

Products and activities that satisfy human wants or needs, which can be tangible (goods) or intangible (services).

Economists

Individuals dedicated to analyzing the creation, dissemination, and consumption patterns of goods and services.