QUESTION 19

1. A complex refinery

   	A.	May refine less desirable crude oil
   	B.	Should be used to refine only sweet, light crude
   	C.	Costs a lot less to operate than a simple refinery
   	D.	Will normally only produce one type of refined product

2. Goodwill

   	A.	Is created when the purchase price of a business exceeds the fair value of the net assets
   	B.	Is created when a business is purchased at a "bargain basement" price
   	C.	Should be amortized over the life of the business assets
   	D.	Must remain constant, regardless of any change in value of the business

3. Oil producing nations

   	A.	Are required to be members of OPEC
   	B.	Will normally use oil as a weapon against oil consuming nations
   	C.	Try to increase the price of oil by producing as much as they can
   	D.	Are held to the oil prices dictated by the commodities exchanges

4. OPEC set production quotas such that prices stay reasonably low

   	A.	Because they have plenty of money
   	B.	Because they fear getting into a war with each other
   	C.	To prevent the proliferation of substitute products
   	D.	Because poor nations would not be able to afford the oil if priced too high