Answer:
The OPEC member countries control a large percentage of the world's oil production which gives them a lot of power to affect world oil prices.
Explanation:
OPEC with a total number of 14 members at present produces about 40 percent of the world's crude oil. Therefore, OPEC actions do affect international oil prices because of the size of the market share the collective controls. However, there are also oil sources beyond the OPEC states. For example, Brent Crude refers to oil that is produced in the Brent oil fields and other sites in the North Sea. WTI is the benchmark crude for North America. WTI is better suited to the production of gasoline while Brent oil favors diesel fuel production. Because together OPEC holds three-quarters of the world's conventional oil reserves and has the world's lowest barrel production costs, it can influence world oil prices and supply by deciding to either produce more or less barrels. If OPEC lowers production the price of oil increases because Brent and WTI have to make up the difference, and their production prices are higher. However, OPEC's ability to affect prices is changing with Canada, China, Russia and the United States increasing their own output in recent years.
Not all land was suitable for the growth of cotton.
While the south was generally good for growing cotton, it couldn't be grown everywhere. The right soil and water conditions were needed to grow cotton and preferably would be grown on a large, flat piece of land as well. Unlike cotton, rice grows best in wet soil and tobacco grew well in the climates of Virginia, Kentucky, and Tennessee.
Full question:
When more hours of labor time are necessary to complete a job than the standard allows the labour efficiency variance is unfavourable. True or false
Answer:
True
Explanation:
The labour efficiency variance is is used to measure the utilization of labour in accordance with plan or expectations. The labour variance is calculated as the difference between the actual labor hours used in production of an item and the standard amount that should have been used as planned multiplied by the standard labor rate. Labour efficiency variance is unfavourable if it does not keep to standard labour amount budgeted or planned for production
Nepal enjoys variation in religion,caste, language, culture and lifestyle. Though Nepal has a diversity in religion , culture , and nature, there is never confrontation among the people. They respect each other and participate in each other’s festivals and programmes. They maintain social harmony and live in peace and prosperity
.....hence there is unity in diversity in Nepal......
The following situation would be an example of freedom of association:
C.) Homeowners in a local neighborhood deciding to schedule monthly potluck dinners.
Freedom of association is a voluntary informal gathering wherein one can choose to come and go as they please.
