Approximately What Percentage of Futures Contracts Are Offset Prior to Delivery

question 12

Multiple Choice

Approximately what percentage of futures contracts are offset prior to delivery?

• A) 25
• B) 50
• C) 75
• D) 95

Calculate various breakeven points including cash, financial, and accounting breakeven points.

Understand the impact of variable and fixed costs on project profitability.

Apply sensitivity analysis to assess the impact of variable changes on project NPV.

Identify the importance of operating leverage and its effect on project risk.

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Definitions:

Normalization

A process to ensure data is organized most efficiently in a database.

Data Centralization

When data is maintained in only one file.

Relational Algebra

The use of English-like expressions that have variables and operations, much like algebraic equations, to extract data from databases using Structured Query Language.

Boolean Algebra

A branch of algebra that deals with true or false values, typically used in computer logic and circuit design.