Forward Buying

question 2

Multiple Choice

Forward buying:

• A) offsets transactions to protect against price and exchange risks
• B) involves no risk for the buying organization.
• C) involves purchasing for known or estimated near-term requirements.
• D) is the same as speculation.
• E) seeks to take advantage of price movements.

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Definitions:

Milgram

Refers to Stanley Milgram, a psychologist best known for his controversial experiments on obedience to authority figures conducted in the 1960s.

Compliance

The act of conforming, acquiescing, or yielding to a request, demand, proposal, or regimen without internal agreement.

Conformity

The process of aligning one's attitudes, beliefs, and actions with the norms or standards of a group or society.

Direct Request

A straightforward form of communication where an individual asks for what they need or want clearly and explicitly.