When a speculator invests in a financial futures contract, the individual
A. enters a contract to make future delivery.
B. enters a contract to accept future delivery.
C. either enters a contract to make or to accept future delivery.
D. hedges to reduce the risk of loss.
Answer: C
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A plan that lists dollar amounts to be received from disposing of plant assets and dollar amounts to be spent on purchasing additional plant assets is called a:
A. Production budget. B. Capital expenditures budget. C. Cash budget. D. Sales budget. E. Rolling budget.
________ is a system used by a producer to ensure that the finished goods or services meet the expectations of customers.
A. Standing order B. Quality circle C. Just-in-time management D. Quality control
Leo is accused of a crime. To obtain information about the crime from Leo, the state can
A. bribe Leo in a way that serves the public interest. B. force Leo to provide information that can be used to prosecute him. C. grant Leo immunity from prosecution. D. none of the choices.
When a covenant not to compete is unreasonable in its essential terms, a court will refuse to reform the covenant.
Answer the following statement true (T) or false (F)