What Is the Closing Value of One September Futures Contract

question 50

Multiple Choice

What is the closing value of one September futures contract on corn?

• A) $6.135
• B) $613.50
• C) $30,675
• D) $306,750
• E) $3,067,500

Comprehend consumer surplus resulting from the differences between product value and its price.

Identify the key interfaces and cycles within the supply chain, including the procurement, manufacturing, and replenishment cycles.

Distinguish between push and pull processes within supply chain operations.

Learn about the different views and phases within supply chain management including the push/pull view, planning, design, and the roles of CRM and SRM.

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Definitions:

Obsessive-compulsive Disorder

A mental disorder where people feel the need to check things repeatedly, perform certain routines repeatedly, or have certain thoughts repeatedly.

Major Depression

A mental disorder characterized by a persistent and severe low mood that affects a person's thoughts, behavior, feelings, and sense of well-being.

Generalized Anxiety Disorder

A chronic disorder characterized by excessive, long-lasting anxiety and worry about nonspecific life events, objects, and situations.

Narcissistic Disorder

A mental condition characterized by a long-term pattern of exaggerated self-importance, the need for excessive attention and admiration, and a lack of empathy for others.