When speculators invest in commodity futures, they
A. enter contracts to make future delivery.
B. enter contracts to accept future delivery.
C. either enter contracts to make or accept future delivery.
D. rarely experience losses.
Answer: C
You might also like to view...
Which of the following statements reflects an auditor's responsibility for detecting fraud?
a. An auditor is not responsible for discovering fraudulent acts involving employee collusion. b. The audit should be planned to detect only fraud caused by departures from GAAP. c. An auditor is only responsible for detecting fraudulent financial reporting. d. An auditor should design the audit to provide reasonable assurance of detecting errors and fraud that are material to the financial statements.
Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original BudgetActual CostsVariable overhead costs: Supplies$7,980 $8,230 Indirect labor 29,820 29,610 Total variable manufacturing overhead cost$ 37,800 $ 37,840 The original budget was based on 4,200 machine-hours. The company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours. What was the overall variable overhead efficiency variance for the month?
A. $950 Favorable B. $130 Unfavorable C. $1,310 Favorable D. $1,440 Unfavorable
________ can be used by companies when there is a labor surplus.
A. Hiring better employees B. Promoting current employees to new positions C. Using their compensation policy to attract talent D. Using attrition, if they have planned far enough in advance, E. Outsourcing work to contractors
Autocratic leadership tends to be the best option when:
A. there is less power distance in the organization. B. a quick decision is paramount. C. employee autonomy in decision making has a large scope. D. when creativity is the top priority.