Use the Following Soybean Futures Quotes to Answer This Question

question 29

Multiple Choice

Use the following soybean futures quotes to answer this question.

-Last week,you purchased four November 08 soybean futures contracts when the price quote was 1300΄6.What is your current profit or loss on this investment?

• A) -$3,100.00
• B) -$2,625.00
• C) -$31.00
• D) $987.50
• E) $3,350.00

---

Definitions:

Process Strategy

A company's approach to transforming resources into goods and services.

Transformation Strategy

A comprehensive approach a company adopts to change its business processes and operations in order to achieve specific goals.

Efficiency

The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.

Flexibility

The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.