Assume an investor thinks the stock market is about to undergo a sharp retreat. Under these conditions, the investor's best course of action would be to
A) buy stock-index futures contracts.
B) short sell stock-index futures contracts.
C) use single stock futures to sit out the market.
D) use a long hedge against the investor's existing positions.
Answer: B
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Marco was assigned to help create a positioning strategy for his employer's products based on product attributes. He should consider
A. the characteristics that helped his firm win a statewide award for excellence in manufacturing. B. what the target market would consider the most important features. C. the ways the sales representatives have been positioning the firm's products. D. the features the engineers feel are most important. E. the safety record of the firm and its products.
In the Personal Automobile Policy, "your covered auto" includes all of the following except:
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