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What if cost, not time, is the issue? What are some options available to project managers? Identify and briefly describe three.
Profit
The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs.
Convergence
The movement of the price of a futures contract towards the spot price of the underlying asset as the delivery date approaches.
Futures Contracts
Legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
Spot Price
The current market price at which a particular asset can be bought or sold for immediate delivery.
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