If You Took a Long Position in a Pork Bellies

question 48

Multiple Choice

If you took a long position in a pork bellies futures contract and then forgot about it, what would happen at the expiration of the contract?

• A)Nothing-the seller understands that these things happen.
• B)You would wake up to find the pork bellies on your front lawn.
• C)Your broker would send you a nasty letter.
• D)You would be notified that you owe the holder of the short position a certain amount of cash.

---

Definitions:

Simpler and Easier

Refers to methods, processes, or actions that are more straightforward and require less effort to complete.

Ultimate Outcome Goals

The highest, most significant objectives one aims to achieve, often guiding decision-making and strategies in various endeavors.

Efficacy Expectation

An individual's belief in their own ability to succeed in specific situations or accomplish a task.

Behaviors

Actions or reactions of an individual in response to their environment or internal states, which can be observable or internal.