As We Saw in the Chapter, Some Financial Instruments Are

question 118

Essay

As we saw in the chapter, some financial instruments are used primarily to transfer risk. Explain how a bread maker can use a financial instrument to transfer the following risk: the bread maker has the opportunity to provide bread to a local army base. The base figures they will need 10,000 loaves of bread each week, or roughly 500,000 for a year. The problem is the baker must quote a price for the entire year. The baker would really like to have this contract but he realizes that fluctuating input prices (specifically wheat) could result in significant losses.

Comprehend the concept and significance of open source software and open systems.

Know the functions performed by systems software and the role of operating systems.

Appreciate the advancements in user interface technologies, including NUIs and speech recognition.

Differentiate between proprietary software and software suites.

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Definitions:

Mature Sexuality

Mature sexuality refers to expressing and experiencing sexual feelings and activities in a manner that is appropriate for one's age and stage of development.

Postpone Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Cauldron

A large metal pot with a lid and handle, used for cooking over an open fire.