Which of the Following Statements Is FALSE

question 38

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:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought.

Conscious Experience

The awareness of internal or external existence, including thought, feelings, and perceptions.

John Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the importance of observable behavior over internal mental states.

Behaviourist

A psychologist who studies behavioral responses in humans and animals, emphasizing the relationship between stimuli and responses.