George Purchased a Futures Contract at 349

question 10

Multiple Choice

George purchased a futures contract at 349. The contract is on 2500 units, requires a 10% margin deposit and is priced in cents per unit. George sold the contract at 278. What is George's return on invested capital?

• A) -255.4%
• B) -203.4%
• C) -155.4%
• D) -103.4%

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Definitions:

Integrative Bargaining

A negotiation strategy where parties collaborate to find mutually beneficial solutions that satisfy the interests of both, rather than competing over a fixed amount of resources.

Laboratory Conditions Doctrine

A legal principle in labor law requiring that union representation elections be conducted in an environment that is free from employer coercion and interference.

Representation Election

This is a procedure where employees vote on whether or not they wish for union representation, sometimes leading to the establishment of a new union presence.

Unionization

The process by which workers form or join a labor union to collectively negotiate with their employer for improved conditions, wages, and benefits.