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Which of the following would be MOST effective in a small owner/manager-operated business?
Troy Ounces
A measurement unit traditionally utilized for the weight of precious metals, where one troy ounce equals about 31.1035 grams.
Hedged
A financial strategy employed to reduce the risk of adverse price movements in an asset by taking an offsetting position in a related security.
Silver Price
The market price for silver, typically expressed per ounce, which can fluctuate based on supply and demand dynamics.
Forward Contract
An individualized pact made between two entities to trade an asset on an agreed future date at a price set in the present.
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