You Own Three January Futures Contracts on Gold A)$66,050
B)$66,740
C)$66,820
D)$198,150
E)$200,460

question 4

Multiple Choice

You own three January futures contracts on gold.What is the total value of your position as of the end of this day's trading?
Gold - 100 troy oz.: u.S.dollars and cents per troy oz. $$\begin{array} { | r | r | r | r | r | } \hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } \\\hline \text { Nov } & 734.2 & 735.6 & 730.4 & 732.8 \\\hline \text { Jan } & 667.4 & 668.2 & 658.1 & 660.5 \\\hline\end{array}$$

• A)$66,050
• B)$66,740
• C)$66,820
• D)$198,150
• E)$200,460

---

Definitions:

Management Hierarchy

The arrangement of authoritative levels within an organization, often depicted as a pyramid, where each level has different levels of responsibility and authority.

Divide Labour

The allocation of different parts of a manufacturing process or task to different individuals in order to improve efficiency and productivity.

Index

A statistical measure or indicator that tracks changes in various sectors, such as a stock market index, which measures the performance of a particular section of the stock market.

Complexity

The state or quality of being intricate or complicated, often relating to systems, organizations, or situations with multiple interconnected parts.