Examlex
In a bureaucratic system of administration, obedience owed to a manager depends on his or her personal qualities such as personality and social status.
Standardized
Made uniform in format and structure, facilitating comparison and assessment across different instances or entities.
Forward Contracts
A non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
Financial Futures
Standardized contracts to buy or sell financial instruments or physical commodities for future delivery at an agreed price.
S&P 500 Index
An index tracking the performance of 500 major US companies listed on the stock exchanges.
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