Gains and Losses on a Futures Contract Must Be Recognized

question 1

True/False

Gains and losses on a futures contract must be recognized daily.

Understand the role of exchange and trade in increasing societal satisfaction.

Recognize the limitations and roles of government within a market system.

Understand the concept and implications of consumer sovereignty in a market economy.

Analyze the effects of trade restrictions on a nation's economy.

---

Definitions:

Non-core Activities

Tasks or functions that are not the main focus or essential to the primary business or operations of an organization.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Network Organization

Liaisons between specialist organizations that rely strongly on market mechanisms for coordination.

Coordination

The management of dependencies between activities.