Futures

question 11

Multiple Choice

Futures:

• A) require people to be present in Cushing, Oklahoma, on settlement day.
• B) are standardized contracts to buy or sell specified quantities at a set price at a specific time in the future.
• C) are not tradable.
• D) specify a commodity price and a quantity to be determined later.

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Definitions:

Nature

The inherent characteristics or essence of something, often used in the context of the physical world or the environment.

Possessed

In a business context, this term is not typically used with a specific definition, so it might not be a real key term. NO.

Uncontrollables

External factors that a business cannot control or influence, such as economic conditions, competition, and government regulation.

Limitations

Constraints or restrictions that hinder progress or reduce the effectiveness of actions and strategies.