A(n) ______ business strategy is typically a combination of deliberate and emergent strategy initiatives. (Remember to place only one word in the blank.)

The president is not elected by popular vote but instead is selected by the Electoral College, whose representatives are appointed by state delegations

Indicate whether the statement is true or false

The main disadvantage of futures contracts as compared to options on futures contracts is that futures

A) remove the possibility of gains. B) increase the transactions cost. C) are not as effective a hedge. D) do not remove the possibility of losses.