Which of the following describes a futures-style option?
A. An option on a futures
B. An option on spot with daily settlement
C. A futures on an option payoff
D. None of the above
C
A futures style option is a futures contract on the option payoff
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The selling and administrative expense budget is typically separated into variable and fixed cost components
Indicate whether the statement is true or false
Simpson Products, Inc. requires that any marketing campaign it implements has a minimum expected ROMI factor of 2. This is Simpson Products' hurdle rate
Indicate whether the statement is true or false
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and credit columns show debits of $36,678 and the credits of $41,101. This indicates that
A) neither net income or loss can be calculated because it is found on the income statement B) the company has a net loss of $4,423 for the period C) the company has a net income of $4,423 for the period D) The amounts are out of balance and need to be corrected
If a statute provides for judicial review:
a. the statute is preempted by common law traditions b. no other method may be used to establish a court's authority to hear a case c. the agency head nevertheless is authorized to choose the most efficient means of review d. the APA authorizes the agency head to reject the statute and utilize a different method if that method can be proven to be faster and more economical