This Individual Takes a Futures Contract Position That Is Opposite

question 51

Multiple Choice

This individual takes a futures contract position that is opposite to the position in the spot market in order to reduce risk

• A) speculator
• B) hedger
• C) spreader
• D) arbitrageur
• E) trading advisor

Be aware of the signs and consequences of alcohol abuse.

Understand the concept of frictional unemployment and how public policy can influence it.

Recognize the role of government and private sector in job search processes in the U.S. economy.

Differentiate between frictional and structural unemployment and identify their causes.

---

Definitions:

Unit Product Cost

The total cost to produce one unit of a product, including direct labor, direct materials, and allocated overhead expenses.

Operations

Refers to the day-to-day activities involved in the running of a business that are essential for producing and delivering goods or services.

Variable Costing

An accounting method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculations.

Absorption Costing

A product costing technique in accounting that involves adding direct materials, direct labor, and both kinds of manufacturing overhead—variable and fixed—to the product's cost.