Forward Contracts Are

question 63

Multiple Choice

Forward contracts are:

• A) an agreement between more than two parties.
• B) contracts usually involving the exchange of a commodity or financial instrument.
• C) always standardized.
• D) easily resold.

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Definitions:

Value Added

The increase in the value of a product or service as it passes each stage of production, excluding the cost of inputs.

Raw Materials

Basic materials that are used in the production of goods, services, or energy, often extracted from the natural environment.

Lawn Care Services

Services that include maintenance and aesthetic care of lawns, such as mowing, fertilizing, and weed control.

Illegal Drugs

Substances whose production, sale, or possession are prohibited by law.