Benjamin bought a contract for future delivery of 5000 bushels of oats at $3.64 per bushel and sold a later contract at $3.92 a bushel. A month later, corn prices were rising and Joseph sold his long contract for $401 per bushel and covered his short by purchasing a contract for $3.99 per bushel. Ignoring trading costs, Joseph
A) broke even.
B) made a profit of $1,850.
C) lost $1,500.
D) made a profit of $1,500.
Answer: D
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Which of the following statements is true of cultural factors that influence consumer behavior?
A) Cultural influences on buying behavior are identical across countries. B) Social classes show distinct product and brand preferences in areas such as clothing and travel. C) Subcultures include nationalities and racial groups, but exclude religions. D) Subcultures are groups within which each individual has a unique and distinct value system. E) Hispanic Americans and African Americans are examples of racially-segregated groups and not subcultures.
What are the characteristics of firms best-suited to open-book management?
Dixie Chopper is advertised as the world's fastest lawn mower. When the Dixie Chopper salesperson approached Keith Oxley, owner of Oxley Landscaping, he said, "Bill Mason told me that you're an impatient man and that I ought to show you my product." What type of approach statement was the Dixie Chopper salesperson using?
A. Product B. Premium C. Introductory D. Referral E. Complimentary
Describe the external leadership actions a team leader should take when coordinating a group project for this class.
What will be an ideal response?