Organization of the Petroleum Exporting Countries (OPEC) holds a great influence over global politics and trade because of its control of oil reserves. thus, the option (a) is correct.
What is Organization?
The word “organization” refers to the structure and hierarchy of the workplace as well as the shared objectives of its participants. The word “organization” is primarily used in the workplace and in business contexts.
The interaction of individuals as they work together to accomplish a common objective. Examples of official groupings include enterprises, NGOs, political parties, and educational organizations.
Organization of the Petroleum Exporting Countries is the abbreviation of the OPEC. OPEC was established in Baghdad, Iraq, in September 1960, and primarily has two headquarters: Vienna and Austria. There was an inclusion in 13 states.
The primary goal of the organization is to direct and regulate petroleum policy. Trade is facilitated, and the connected states have an impact on world politics.
Therefore, option (a) is correct.
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