Which of the following situations does NOT describe someone who should implement a hedge strategy?
A) Mary is very nervous about losing profits if selling prices drop
B) Melanie's creditors will not lend her money if her crops might lose money
C) Katherine's board of directors will not tolerate losses, even if it means profits are smaller
D) Dawn wants to reduce price fluctuations, but will need to conduct many transactions to achieve her goals
D
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Corporate “outsiders” may be held liable for insider trading under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
Answer the following statement true (T) or false (F)
The ____ function returns the smallest value in a specified column
a. LOW b. LOWEST c. MIN d. MINIMUM
Conservatively leveraged Firm A and highly leveraged Firm B operate at the same level of earnings before interest and taxes. Which firm has a higher change in volume?
A) Firm A B) Firm B C) The change in volume does not affect the amount of leverage. D) There is not enough information to answer the question.
Match the term with its definition.
A. An insurance term that refers to the depreciated value of property B. Coverage for general liability loss exposure, including premises liability, operations liability, product liability, and completed operations liability C. A loss in which physical damage to property reduces its value to the property owner D. Coverage that guarantees a healthy partner enough cash to buy out a partner who becomes disabled E. F. A loss arising from an inability to carry on normal operations due to a direct loss of property G. Choosing not to engage in hazardous activities H. Keeping a loss from happening I. Lessening the frequency, severity, or unpredictability of potential losses J. The cost of replacing personal property and rebuilding real property at today's prices