In some states, the authority of an agent to sell land must be in writing and signed by the principal

Which of the following is characteristic of the products/services that are best suited for long

distribution channels? A) The products are susceptible to breakage or spoilage. B) The products are sold to a mass market. C) The products are made to order or configured to suit a particular purpose. D) The products are targeted to a niche, discriminating audience.

Eric has just purchased a heating oil contract at $2.05 per gallon. The contract size is 21,000 gallons. Initial margin is $6,075; maintenance margin is $4,500. If the price of heating oil is $2.15 when the contract expires, Eric's profit or loss is

A) $(2,100) loss. B) $2,100 profit. C) $(3,975) loss. D) $(2,400) loss.