Use the Following Soybean Futures Quotes

question 58

Multiple Choice

Use the following soybean futures quotes:

-You would like to lock in the selling price on 60,000 bushels of wheat,which you plan to harvest and deliver to the market in September.The September futures price quote is currently 902΄6.If you write September futures contracts on your wheat,you will be guaranteed a total price of ________ for your crop.Each contract is quoted in cents and 1/8 ths of a cent per bushel with a contract size of 5,000 bushels.

• A) $45,637.50
• B) $541,650.00
• C) $11,908.75
• D) $297,700.50
• E) $2,977,000.25

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Definitions:

Emotional Labor

The management of feeling to create a publicly observable facial and bodily display. Emotional labor functions in the service of organizations to increase profitability.

Motivate

To provide with a reason or incentive to do something; to inspire action or behavior.

Cheerful

Cheerful describes a mood or disposition characterized by positivity, happiness, and a generally optimistic outlook.

Three-Dimensional Model (Lukes)

A framework proposed by Steven Lukes that examines power in three dimensions: decision-making, agenda-setting, and manipulative control of perceptions.