When does delivery occur on a 90-day forward contract?
A) in 90 days corresponding to two business days preceding the third Wednesday of the month
B) immediately but the contract is not closed for 90 more days
C) in 90 days corresponding to the calendar date of the spot value date
D) two business days following the spot value date
Answer: C
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________ is an organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers
A) Environmentalism B) Proactivism C) Affirmative action D) Consumerism E) Liberalism
Cultural factors exert a broad and deep influence on consumer behavior. The marketer needs to understand the role played by the buyer's culture, subculture, and social class. Distinguish between culture, subculture, and social class
What will be an ideal response?
Rectified inspection occurs when all defective items in the lot are replaced with good items if the lot is rejected and any defective items in the samples are replaced if the lot is accepted
Indicate whether the statement is true or false
Key Corporation is considering the addition of a new product. The expected cost and revenue data for the new product are as follows: Annual sales 2,500unitsSelling price per unit$304 Variable costs per unit: Production$125 Selling$49 Avoidable fixed costs per year: Production$50,000 Selling$75,000 Allocated common fixed corporate costs per year$55,000 If the new product is added, the combined contribution margin of the other, existing products is expected to drop $65,000 per year. Total common fixed corporate costs would be unaffected by the decision of whether to add the new product.If the new product is added next year, the financial advantage (disadvantage) resulting from this decision would be:
A. $145,000 B. $325,000 C. $200,000 D. $135,000