Advanced Energy Solutions MCQs
Advanced Energy Solutions MCQs
The following Advanced Energy Solutions MCQs have been compiled by our experts through research, in order to test your knowledge of the subject of Advanced Energy Solutions. We encourage you to answer these 100+ multiple-choice questions to assess your proficiency.
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1: What is a shipper who purchases released capacity rights from a releasing shipper called?
A. Acquiring Shipper
B. Shipper
C. Releasing Shipper
D. Capacity
2: What is an aggregator?
A. A device that measures the amount of electricity used by a home or business
B. An entity responsible for planning, scheduling, accounting, billing, and settlement for energy deliveries
C. A company that provides electricity through a power grid
D. A company that generates electricity at a power plant
3: What is the full form of "ARDDs"?
A. Arbitrary Receipt and Delivery Points
B. Alternate Random Delivery Points
C. Average Random Designated Delivery
D. Alternate Receipt and Delivery Points
4: What does APPA stand for?
A. Association of Publicly-owned Power Authorities
B. American Power Plant Association
C. American Public Power Association
D. American Publicly-owned Power Association
5: What is the unit of measurement of electrical current produced in a circuit by 1 volt acting through a resistance of 1 ohm?
A. Ohm (Ω)
B. Ampere (amp)
C. Watt (W)
D. Volt (V)
6: What is an aquifer?
A. A type of rock
B. A body of water
C. A machine that pumps water from a well
D. A water bearing permeable rock formation that is capable of storing natural gas.
7: The Arctic National Wildlife Refuse is located in:
A. Greenland
B. Antarctica
C. Alaska
D. Russia
8: What is the definition of an Available But Not Needed Capability?
A. The capability of a unit to be disconnected from the power grid and reconnected within 30 minutes.
B. Being able to produce a product or service at a lower cost than the competition.
C. The ability to generate more electricity than what is currently being used.
D. Net capability of generating units that are operable, but not considered necessary to carry load.
9: What is the unit of measure for ATC?
A. British Thermal Units
B. Cubic Feet
C. Kilowatts
D. Megawatts
10: What does ATC stand for?
A. Available Transfer Capability
B. Amplified Transfer Capacity
C. Amplitude Transmission Capacity
D. Actual Transmission Capacity
11: What is the definition of avoided cost?
A. The cost of a good or service
B. The cost of production
C. The amount of money that a company makes in a year
D. The cost a utility is sparred from
E. Incurring.
12: What is the meaning of "back month" in futures trading?
A. The most distant delivery month for a given commodity
B. The contract month before the front month
C. A month in which trading is slow
D. All contract months for futures contracts after the contract currently trading
13: In a state of backwardation, what happens to futures prices in the future months of delivery?
A. They are gradually increased
B. They remain the same
C. They are gradually lowered
D. They are volatile
14: What is another name for "Base Gas"?
A. Cushion Gas
B. Compressed Gas
C. Unrecoverable Gas
D. Holding Gas
15: What is cushion gas?
A. The process of storing natural gas in a salt cavern
B. The maximum amount of natural gas that can be dissolved in water
C. Base gas required in a storage field to maintain sufficient pressure to keep the working gas recoverable.
D. The amount of natural gas required to heat one cubic foot of water by 1 degree Fahrenheit
16: What is the base load capacity?
A. Electric generating equipment normally operated to serve loads on an around-the-clock basis.
B. The minimum amount of electric power delivered or required over a given period of time.
C. Both of these
D. None of these
17: What is the base load plant?
A. A plant which runs continuously
B. A plant which produces electricity at an essentially constant rate and runs continuously
C. A plant which is operated to take all or part of the maximum load of a system
D. A plant which is normally operated to take all or part of the minimum load of a system
18: What is the base load?
A. The maximum amount of electric power delivered or required over a given period of time at an unsteady rate.
B. The maximum amount of electric power delivered or required over a given period of time at a steady rate.
C. The minimum amount of electric power delivered or required over a given period of time at an unsteady rate.
D. The minimum amount of electric power delivered or required over a given period of time at a steady rate.
19: What does BCF stand for?
A. British Columbia Federation
B. 1 billion cubic feet
C. Billion cubic feet
D. British Columbia Film
20: What is the definition of a "bear"?
A. One who expects prices to remain the same.
B. One who is pessimistic about the future of the stock market.
C. One who expects prices to decline.
D. One who is optimistic about the future of the stock market.
21: What is a Bear Market?
A. Market in which prices are stable.
B. Market in which prices are declining.
C. Market in which there is a high demand for bears.
D. Market in which prices are increasing.
22: What is a bilateral agreement?
A. A trade agreement between three or more countries
B. A contract that is limited exclusively to two parties that trade with each other
C. A contract between two companies
D. A contract between two individuals
23: A bilateral agreement is a contract that is limited to two parties that...?
A. Are enemies
B. Live in the same country
C. Are in the same business
D. Trade with each other
24: What is a blackout?
A. A film starring Demi Moore
B. A type of fabric
C. A book by Ralph Ellison
D. Emergency loss of electricity through the failure of generation, transmission or distribution systems
25: What is a boiler used for?
A. To power a car
B. Creating art
C. Generating steam for power, processing, or heating purposes
D. For math equations
26: A retail agent who buys and sells natural gas and/or power but takes title to the commodity in the transaction is known as?
A. Agent
B. Commodities Trader
C. Power Trader
D. Broker
27: What is the partial reduction of electrical voltage called when customer demand is higher than anticipated?
A. Blackout
B. Greyout
C. Brownout
28: What is the term for all electric generating plants, transmission lines and equipment?
A. Bulk Power System
B. Electric Power System
C. Transmission System
D. Generating System
29: What is the definition of a "Bull"?
A. One who is short-tempered
B. One who is optimistic
C. One who expects a rise in prices
D. One who is argumentative
30: What is a Bull Market?
A. Market in which prices are rising.
B. Market in which prices are stable.
C. Market in which prices are falling.
D. Market in which there is little activity.
31: What is the Burner Tip?
A. The point at which natural gas is used as a fuel.
B. The point at which oil is used as a fuel.
C. The point at which coal is used as a fuel.
D. The point at which nuclear energy is used as a fuel.
32: What does it mean to take a long futures position?
A. To sell a contract to buy an asset at a fixed price at a future date
B. To buy a contract to buy an asset at a fixed price at a future date
C. To buy a contract to sell an asset at a fixed price at a future date
D. To sell a contract to sell an asset at a fixed price at a future date
33: What does a buyer's market indicate?
A. There is an abundance of goods available
B. There is a shortage of goods available
C. There is a perfect amount of goods available
D. Buyers are not able to be selective
34: What does bypassing a utility company allow a retail customer to do?
A. Get power or natural gas from the utility company
B. Eliminate utility charges for distribution
C. Get power or natural gas from a wholesale supplier or transporter
D. Have to pay a higher rate for power or natural gas
35: How many days are in a calendar month?
A. 31
B. 29
C. 30
D. 28
36: What is the unit of measurement for capacity?
A. Gal
B. KWh
C. Ft3
D. Btu/h
37: What is the capacity assignment?
A. The assignment of a specific right to firm transportation service on an interstate natural gas pipeline.
B. The regulation of interstate natural gas pipelines by the government.
C. The selling of natural gas transportation rights on an interstate pipeline.
D. The unloading of natural gas from an interstate pipeline
38: What is the capacity charge?
A. A type of energy
B. The energy charge
C. An element in a two-part pricing method used in capacity transactions
D. A unit of measurement
39: What is the assignment or release of firm gas transportation rights to another party called?
A. Rate Schedule Change
B. Unused Capacity Refund
C. Capacity Release
D. Annual Charge
40: What is the market for a cash commodity where the actual physical product is traded?
A. Cash Market
B. Futures Market
C. Commodity Market
D. Stock Market
41: What is the procedure that allows end users to resolve monthly or daily differences between actual nominations and actual usage called?
A. Billing
B. Useage
C. Pay in
D. Cash out
42: What is a circuit?
A. The process of making electrical contact
B. A set of electronic components that are connected together by conductors
C. A measure of the power of an electric current
D. A conductor or a system of conductors through which electric current flows.
43: What is the purpose of odorizing natural gas?
A. To make it more flammable
B. So that leaks can be detected
C. To make it less flammable
D. To make it more volatile
44: What is co-firing?
A. The process of burning natural gas in conjunction with another fuel to reduce air pollutants.
B. The process of burning natural gas to produce electricity.
C. The process of burning natural gas in conjunction with coal to reduce air pollutants.
D. The process of burning coal in conjunction with another fuel to reduce air pollutants.
45: How is methane generated during coal formation?
A. It is a byproduct of burning coal
B. It is contained in the coal microstructure
C. It comes from natural gas deposits
D. It is a product of mining coal
46: What is the process of coal gasification?
A. The process of converting coal into gas.
B. The process of converting coal into electricity.
C. The process of converting water into steam.
D. The process of converting natural gas into coal.
47: What are commercial and trade accounts?
A. Hedgers who buy or sell contracts to minimize risk
B. Consumers who buy future contracts for goods
C. Investors who speculate on the price movement of a commodity
D. Companies like El Paso or Enron.
48: What does the Commitment of Traders Report detail?
A. The Dow Jones Industrial Average
B. The price of crude oil
C. The exchange rate between the US dollar and the Japanese yen
D. The volume of long and short positions
49: What is the CFTC?
A. Credit Futures Trading Commission
B. Commonwealth Futures Trading Commission
C. Central Financial Transaction Commission
D. Commodity Futures Trading Commission
50: What is the commodity charge based upon?
A. The amount of manpower needed to transport it
B. The amount of time spent using or transporting it
C. The amount of effort used in transporting it
D. The volume actually used or transported
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Advanced Energy Solutions MCQs
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