A financial instrument whose value is based on an underlying security or commodity is called a/an:
A) insurance contract
B) employment contract
C) enterprise contract
D) derivative security
D
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When Carl's company introduced its new product in the market, it introduced it at the lowest possible price assuming that the demand for the product is going to be highly responsive to the price it is being introduced at
It also believes that a higher sales volume will lead to lower unit costs and higher long-run profit. What can be said about the company's objective?
Where would the reader of a proposal find complete details of the proposal?
A) Introduction B) Body C) Executive summary D) Synopsis E) Close
Legal documents could not be transmitted electronically due to common law rules based upon use of documents printed and delivered on paper
a. True b. False Indicate whether the statement is true or false
Witten Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Customer ServedRevenue $6,600Employee salaries and wages$55,100 $1,000Travel expenses $600Other expenses$43,100 A total of 27 customers were actually served during January.The "Travel expenses" in the flexible budget for January would have been closest to:
A. $16,500 B. $13,444 C. $16,200 D. $13,200