In Aggregate Planning

question 19

Multiple Choice

In aggregate planning,

• A) the concern is over a long-range planning horizon.
• B) output levels are set in the face of certain demand.
• C) "aggregate" implies that planning is done for a single overall measure of output or at most a few products.
• D) firms should never consider overtime, hiring, firing, or subcontracting.

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Definitions:

T-bond Futures

Futures contracts that are based on the price movements and yield of U.S. Treasury bonds.

Stock-index Futures

Futures contracts based on stock indices, which allow investors to buy or sell the future performance of a stock market index.

Housing Market

The market segment related to buying, selling, and renting residential properties.

Convergence

The phenomenon where the futures price of a commodity tends to approach the spot price as the contract expiration date nears.