Which of the Following Is a Facilitator in All Futures

question 41

Multiple Choice

Which of the following is a facilitator in all futures trades, since all contracts are purchased from or sold by this entity?

• A) The futures clearinghouse
• B) The futures trading floor
• C) The futures broker
• D) The futures exchange

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Definitions:

Income

The money received by an entity in return for its goods or services, or through investments.

Absorption Costing

A cost accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to customers.

Inventory

Materials and goods held by a business in the process of being sold or used in production processes.