Forward Buying

question 7

Multiple Choice

Forward buying:

• A)offsets transactions to protect against price and exchange risks.
• B)involves purchasing for known or estimated future requirements.
• C)involves no risk for the buying organization.
• D)is the same as speculation.
• E)seeks to take advantage of price movements.

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Definitions:

System

An organized set of related components that function together to achieve a specific goal or perform a specific task, within the context of computing or otherwise.

Swap Out

This phrase refers to the act of taking out a defective component from a device and replacing it with a working one.

Assertive

A communication style characterized by confidence and directness, while being respectful and non-aggressive towards others.

NAS

Network-attached storage, a file-level storage server connected to a computer network providing data access to a heterogeneous group of clients.