Firms Use All of the Following for Reducing Their Exposure

question 23

Multiple Choice

Firms use all of the following for reducing their exposure to commodity price movements EXCEPT ________.

• A) horizontal integration
• B) vertical integration
• C) long-term storage of inventory
• D) futures contracts

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Definitions:

Post-Secondary Institution

An educational establishment that provides learning experiences after completion of high school, such as colleges and universities.

Pierre Bourdieu

A French sociologist and anthropologist known for his theories on social capital, cultural capital, habitus, and the social structures of domination and power.

Cultural Capital

The accumulation of knowledge, behaviors, and skills that one can tap into to demonstrate one's cultural competency and social status.

Power Relations

The dynamics of power between individuals or groups, including how power is distributed, exercised, and resisted in social interactions.