High Value-Added Per Employee Is Associated with

question 26

Multiple Choice

High value-added per employee is associated with

• A) "high-tech," capital intensive industries.
• B) "low-tech," labor intensive industries.
• C) the shoe industry in 1860.
• D) the use of unskilled labor.

Understand the process of closing out a futures position before the delivery date.

Comprehend the differences between futures and forward contracts, including their trading venues.

Understand the concept of open interest and its significance in futures markets.

Identify the standardization of futures contracts and its difference from forward contracts.

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Definitions:

Res Ipsa Loquitur

A legal doctrine that allows for an inference of negligence by the mere fact that an accident occurred, provided the accident wouldn’t ordinarily happen without negligence.

Negligence Per Se

A doctrine where an act is considered negligent because it violates a statute or regulation, negating the need to prove duty of care or breach thereof.

Restatement Second Torts

A set of model legal doctrines in the field of tort law, intended to clarify, modernize, and otherwise improve tort law, published by the American Law Institute.

Possessor of Land

Refers to an individual or entity that occupies land or property, regardless of whether they have legal ownership of it.