A Change in the Price of Corn Caused by _____

question 178

Multiple Choice

A change in the price of corn caused by _____ is an example of a long-run financial risk.

• A) A strong tornado season which ruined a major percentage of the crop.
• B) A shortage due to a severe drought.
• C) An increased supply due to an abundant crop.
• D) An increased supply due to technological improvements in the production of the grain.
• E) A sudden decrease in demand due to a low market price for other grains.

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Definitions:

Expert

Refers to someone who is both experienced and learned in a given subject matter area or professional practice field.

Client

An individual or organization that engages the professional services or advice of another.

Best Judgment

The highest quality assessment or decision made based on knowledge and experience.

Plausibility

The quality or state of appearing reasonable or probable.