Which of the Following Statements Is False

question 19

Multiple Choice

Which of the following statements is false?

• A) Long-term supply contracts such contracts cannot be entered into anonymously; the buyer and seller know each other's identity. This lack of anonymity may have strategic disadvantages.
• B) A futures contract is an agreement to trade an asset on some future date, at a price that is locked in today.
• C) An alternative to vertical integration or storage is a long-term supply contract.
• D) Long-term supply contracts are unilateral contracts negotiated by a seller.

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Definitions:

Formalized

Pertaining to the establishment of procedures or rules that are officially documented and enforced within an organization, leading to structured operations.

Role-Play

An educational or training technique in which individuals act out roles to explore particular scenarios or topics.

Enactment

The process of making something into law or establishing something in a legal or formal way.

Development

The process of growth, progress, or improvement in skills, knowledge, technology, or regions.