Which Choice Explains How the OPEC Crisis of 1973 Affected

question 63

Multiple Choice

Which choice explains how the OPEC crisis of 1973 affected oil prices?

• A) The supply of oil was reduced, leading to a rise in oil prices.
• B) The supply of oil was increased, leading to a fall in oil prices.
• C) The demand for oil increased, leading to a rise in oil prices.
• D) The demand for oil decreased, leading to a fall in oil prices.

---

Definitions:

Interpersonal Skills

Abilities used by a person to interact positively and work effectively with others, including communication, listening, empathy, and conflict resolution skills.

Organizational Effectiveness

Measures how efficiently and effectively an organization meets its goals and objectives, often assessed through performance, productivity, and the achievement of strategic targets.

Efficiency

The degree to which something is done well or produces desired results without wasted energy or material.

Organization's Purpose

The fundamental reason for an organization's existence, often reflecting its goals, values, and the needs it seeks to fulfill in the market or community.