Which of the Following Statements Is INCORRECT About the National

question 2

Multiple Choice

Which of the following statements is INCORRECT about the National Futures Association (NFA) ?

• A) The NFA is a self-regulating organization composed of futures commission merchants,commodity pool operators,commodity trading advisers,introducing brokers,leverage transaction merchants,commodity exchanges,commercial firms,and others who work in the futures industry.
• B) The NFA must approve new contracts and changes to existing contracts.
• C) The NFA screens and tests registration applicants and determines their qualifications and proficiency.
• D) The NFA requires futures commission merchants and introducing brokers to keep sufficient capital and maintain good trading records.
• E) The NFA audits,examines,and conducts financial surveillance to enforce compliance by members.

Understand the concepts of supply chain assets and their forms.

Recognize the implications of overbooking on asset utilization and revenue.

Identify the benefits of differential pricing and its impact on firm profits.

Appreciate the importance of customer understanding and behavior quantification in successful revenue management.

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Definitions:

Japanese-American Internment

Policy adopted by the Roosevelt administration in 1942 under which 110,000 persons of Japanese descent, most of them American citizens, were removed from the West Coast and forced to spend most of World War II in internment camps; it was the largest violation of American civil liberties in the twentieth century.

Double-V Campaign

The Double-V Campaign was an initiative during World War II by African Americans to fight for victory against fascism abroad and racial discrimination at home.

Discrimination

Unfair or prejudicial treatment of people based on characteristics such as race, age, sex, or disability instead of individual merit.

NAACP

The National Association for the Advancement of Colored People, a civil rights organization in the United States formed in 1909 to fight prejudice, lynching, and Jim Crow segregation.