The Organization of Petroleum Exporting Countries Is an Example Of

question 140

Multiple Choice

The Organization of Petroleum Exporting Countries is an example of:

• A)a price leadership system.
• B)a trade group whose members have yet to influence the world price of oil, despite repeated attempts to collude.
• C)a successful monopoly.
• D)a periodically successful cartel.
• E)none of the above.

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Definitions:

Exponentially

Involves growth at an increasingly rapid rate over a period of time.

Master Data Management

A process that provides companies with the ability to store, maintain, exchange, and synchronize a consistent, accurate, and timely “single version of the truth” for the company’s core master data.

Data Governance

An approach to managing information across an entire organization.

Data Rot

The gradual degradation or loss of data quality or integrity over time due to various factors such as obsolescence or storage medium deterioration.