Firms Use All of the Following for Reducing Their Exposure

question 23

Multiple Choice

Firms use all of the following for reducing their exposure to commodity price movements EXCEPT ________.

• A) horizontal integration
• B) vertical integration
• C) long-term storage of inventory
• D) futures contracts

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Definitions:

Tardiness

The act of being late or delayed beyond the scheduled or expected time.

Intermittent Reinforcement

The giving of rewards for behaviour only periodically.

Punishment

A consequence applied in response to undesired behavior, intended to reduce or eliminate that behavior.

Behaviour

encompasses the actions and reactions of an individual or group in response to external or internal stimuli.