There Is a Futures Contract for the Purchase of 1000

question 78

Multiple Choice

There is a futures contract for the purchase of 1000 bushels of corn at $3.00 per bushel.If the market price of corn falls to $2.50:

• A)The buyer (long position) needs to transfer $500 to the seller (short position).
• B)The seller (long position) needs to transfer $500 to the buyer (short position).
• C)Nothing happens since marked to market adjustments only occur if the market price rises above the contract price.
• D)Nothing happened since no funds are transferred until the settlement date.

Identify strategies to shorten or avoid negative stages of team development.

Understand the characteristics and types of teams in the workplace, including self-managed, functional, cross-functional, and global teams.

Identify the functional differences and operational challenges specific to virtual teams.

Recognize the influence of technology on team collaboration, including the role of collaborative software and intranets in facilitating virtual team interactions.

---

Definitions:

Framing Error

A cognitive bias where the way information is presented influences decision making or judgment.

Escalation

The process of increasing or intensifying a situation or conflict, often leading to a more serious state.

Overconfidence

A cognitive bias where someone's subjective confidence in their judgments is greater than their objective accuracy.

Short-Term Thinking

A focus on immediate results or benefits at the expense of longer-term goals or implications.