You Purchased a Futures Contract on Corn at a Futures

question 75

Multiple Choice

You purchased a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. What was your profit or loss?

• A) −$12.00
• B) $12.00
• C) −$600
• D) $600

---

Definitions:

Vertical Loading

Vertical Loading is a job design technique that involves adding more responsibilities and decision-making authority to an employee's role.

Overspecialized Work

Work that is highly focused or narrow in scope, potentially limiting a person’s skills and adaptability to other professional areas.

Task Activities

Specific actions or operations performed by individuals or groups to achieve a particular objective.

Organizational Positions

Designated roles or job titles within a company or organization, outlining specific duties and responsibilities.