A Futures Contract Is

question 39

Multiple Choice

A futures contract is

• A)an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date at a currently agreed-upon price.
• B)an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date, with the price to be negotiated at the time of delivery.
• C)an agreement that specifies the delivery of a commodity or financial instrument at a currently agreed-upon price, with date of delivery to be negotiated subsequently.
• D)an agreement that specifies the delivery of a commodity or financial instrument, with the price and date of delivery to be negotiated subsequently.

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Definitions:

Management's Functions

The core roles and responsibilities of management, including planning, organizing, leading, and controlling organizational resources.

Planning

The method of establishing objectives, formulating strategies, and detailing the tasks and timelines to achieve these objectives.

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Internal Reports

Documents prepared within an organization for strategic decision-making, performance evaluation, and operational control, not for external stakeholders.