Harvest Fields Sold Ten September Futures Contracts on Oats

question 63

Multiple Choice

Harvest Fields sold ten September futures contracts on oats. Harvest Fields will:

• A)pay for the oats in September.
• B)take delivery of the oats in September.
• C)pay for the oats now and take delivery in September.
• D)receive payment now and deliver in September.
• E)both receive payment and deliver in September.

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Definitions:

Strengths Assessments

Tools or processes used to identify an individual's areas of strong performance or talent, often for personal development or organizational placement.

Background Checks

A process used by organizations to verify the credentials and history of potential employees.

Job Rotation

A human resource strategy involving the movement of employees between different jobs or tasks to increase work variety and promote skills development.

Routine Assignments

Tasks or duties that are part of a regular schedule or procedure, often repetitive and considered to be of a standard or typical nature.