Entering a Futures Contract to Sell Corn Is a Long

question 46

True/False

Entering a futures contract to sell corn is a long position.

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Definitions:

Legitimate Power

A form of authority derived from an individual's position or role within an organization, granting them the ability to influence others.

Referent Power

A form of influence that an individual possesses due to others' admiration, respect, or desire to identify with them.

Authority

The power or right assigned to an individual or organization to make decisions, give orders, and enforce obedience.

Sense Of Mission

A strong feeling of having a specific and important purpose or duty to fulfill.