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Rules of Thumb That Managers Use to Simplify Decision Making

question 16

Multiple Choice

Rules of thumb that managers use to simplify decision making are known as ________.


Definitions:

Spot Market

A public financial market where commodities or financial instruments are traded for immediate delivery.

Futures Market

A standardized market for buying and selling contracts that obligate the delivery of commodities, currencies, or financial instruments at a future date.

Simultaneous

Happening, functioning, or being carried out simultaneously.

Position

In finance, a position refers to the amount of a particular asset or security that is owned by an individual or entity.

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