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:

Critical Thinking

The act of deliberately and adeptly forming, using, examining, combining, and assessing data to derive a solution or conclusion.

Truth-seeking

The pursuit of understanding and knowledge by questioning, evidence evaluation, and skepticism.

Probing Questions

Deep or insightful inquiries designed to elicit more detailed or revealing responses.

Habit of Mind

A characteristic way of thinking that supports problem-solving and critical thinking across different contexts.