Spot Markets Are Generally Preferable To

question 35

Multiple Choice

Spot markets are generally preferable to:

• A) long-term contracts.
• B) short-term contracts.
• C) vertical integration.
• D) None of the answers are correct.

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Definitions:

Microsystem

A term in ecological systems theory referring to the immediate environments with which an individual interacts, such as family and school.

Mesosystem

The interlocking settings that influence the child, such as the interaction of the school and the larger community.

Incorporates

To include or integrate parts into a whole, often referring to the inclusion of multiple aspects or elements into a single entity.

Eliminates

Refers to the act of removing or getting rid of something completely.