Which of the following best describes a central clearing party
A. It is a trader that works for an exchange
B. It stands between two parties in the over-the-counter market
C. It is a trader that works for a bank
D. It helps facilitate futures trades
B
A central clearing party (CCP) is a clearing house that stands between two parties in the over-the-counter market. It serves the same purpose as an exchange clearing house.
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What explains the limited use of quantitative management?
A. It is difficult to discontinue the use of this process once it has been established. B. Many of the decisions managers face are nonroutine and unpredictable. C. Managers are oriented more toward things than toward people. D. It holds that all aspects of a management decision should mandatorily be expressed through mathematical symbols and formulas. E. It believes that economic needs have precedence over social needs.
Mandatory recycling laws have boosted the recycling industry and launched dozens of new companies making new products from recycled materials. Which of the following most closely resembles this situation?
A) Government makes reforestation mandatory for lumbering firms leading to a rise in timber production. B) Government restricts industries from purchasing farmland thereby increasing agricultural produce. C) Government subsidizes export of beef to promote production of beef cattle. D) Government pollution control norms increase the production of pollution control equipment. E) Government restricts unfair trade practices to promote international trade.