Informal Channels Are Slower Than Most Legitimate Means of Communication

question 14

True/False

Informal channels are slower than most legitimate means of communication.

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Definitions:

Bushels Of Corn

A unit of measure used in the US for trading and valuing corn, with one bushel equivalent to 56 pounds.

Option Contract

A financial derivative that represents a contract sold by one party to another, offering the buyer the right, but not the obligation, to buy (call) or sell (put) a security at an agreed-upon price within a certain period of time.

Forward Contract

An agreement between two entities that is not regulated, outlining the purchase or sale of an asset at a predetermined future date for a price that is decided upon at the current time.

Obligation

A legal or financial duty to make a payment or fulfill a contract.