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SpyIntel [72]
3 years ago
8

The New York Times (Nov. 30, 1993) reported that "the inability of OPEC to agree last week to cut production has sent the oil ma

rket into turmoil . . . [leading to] the lowest price for domestic crude oil since June 1990."a. trueb. false
Business
1 answer:
slega [8]3 years ago
6 0

Answer: The correct answer is a. true.

Explanation: If there is a supply glut and demand is falling, there will definitely be a fall in price. The same principle applies if Organization of Petroleum Exporting Countries (OPEC) disagree to cut production, price for domestic crude oil would fall.

The scenario above is similar to the recent happenings regarding the impacts of coronavirus on global economy and is very fresh in our memories. According to the TheNation Newspapers, "oil prices tanked more than seven per cent at the weekend to their lowest levels since mid-2017 after Russia balked at OPEC's proposed steep production cuts to stabilize prices."

OPEC is proposing a cut in oil production, but if this is not done, the impact on Brent would be devastating as the price would fall further.

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A person's total "net worth" =
iren [92.7K]
An average teenagers/ young adults net worth is $9,632
4 0
3 years ago
The general term employed to indicate an expense that has not been paid or revenue that has not been received and has not yet be
valkas [14]

Answer: The general term employed to indicate an expense that has not been paid or revenue that has not been received and has not yet been recognized in the accounts is:

<u>B. accrued.</u>

Explanation: It is the accounting principle by which recognition of losses and gains is given based on time, regardless of having paid or collected.

3 0
3 years ago
Henrique​ Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive.​ Day-old c
Marianna [84]

Answer:

optimal stocking level = 30.472

Explanation:

given data

Discount = 50%

Regular price, p = $16

cost of cake, c = $10

Mean = 30

Standard deviation, σ = 7

solution

we get her salvage value that is = 50% of Regular price

salvage value s = 50% of $16

salvage value s =  $8

and

Underage cost will be

Cu = p - c    .......................1

put here value

Cu = $16 - $ 10

Cu = $6

and

Overage cost will be

Co = c - s     ........................2

Co = $10 - $8

Co = $2

so here probability is

P ≤ \frac{C_{u}}{(C_{u}+C_{o})}    .....................3

put here value

P ≤ \frac{6}{(6+2)}  

P ≤ 0.75

so here Z value for the probability for 0.75 is

Z =  0.6745

and

optimal stocking level will be

optimal stocking level = Mean + ( z × σ )     .....................4

put here value

optimal stocking level = 30 + 0.6745 × 7

optimal stocking level = 30.472

3 0
3 years ago
When the owner of a small business started the company, she spent time identifying goals, managing resources, and determining th
Kobotan [32]

Based on the actions of the small business owner to identify goals amongst others, the decisions were about <u>strategy</u>.

<h3>What are strategic decisions about?</h3>

The strategic decisions of a company are those that are meant to ensure the company meets its goals.

To do this, the goals would need to be determined and then a plan needs to be made to show how company resources can be used to achieve those goals.

Find out more on strategic planning at brainly.com/question/17924318.

#SPJ1

8 0
2 years ago
An unlicensed property manager can do all of the following except: Maintenance Showing units Negotiating lease terms Furnishing
Lynna [10]

When a person is an unlicensed property manager, they can do all of the above except Negotiating lease terms.

<h3>What can an unlicensed property manager do?</h3>

An unlicensed property manager can show prospective buyers the units on sale as well as maintaining the units. They can also furnish people with published information on the units.

They cannot however, negotiate lease terms with people because they do not have the license and authority to do so.

Find out more on property management at brainly.com/question/7023042.

6 0
3 years ago
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