You Expect to Deliver 80,000 Bushels of Corn to the Market

question 292

Multiple Choice

You expect to deliver 80,000 bushels of corn to the market in September. Today, you hedge your position at the closing price as shown in the table. Assume that the market price turns out to be 264.8 at the time you make your delivery in September. How much income will you receive in total from the hedged delivery of your corn?

Corn - 5,000 bu.; cents per bu.

• A) $202,240
• B) $206,710
• C) $208,970
• D) $210,000
• E) $211,840

Develop an understanding of how telecommuting/teleworking influences communication dynamics.

Evaluate the role of technology in facilitating global communication for businesses.

Recognize the importance of listening and empathy in effective communication.

Understand the impact of cultural differences on international business communication.

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Definitions:

Justification

Justification involves providing reasons, explanations, or rationalizations for one's actions or beliefs, often to align with moral, legal, or social standards.

Attitudes

Mental and emotional entities that denote an individual's degree of like or dislike for an item.

Festinger and Carlsmith

Researchers known for their study on cognitive dissonance, demonstrating how experiencing inconsistency among beliefs or behaviors leads to discomfort, which individuals are motivated to reduce.

Cognitive Dissonance Theory

A psychological theory suggesting that individuals experience discomfort when holding two or more conflicting cognitions (beliefs, attitudes) and are motivated to reduce this discomfort.