The key difference between a forward and a futures contract is:
A. a forward contract is bought and sold on organized exchanges.
B. a forward contract is customized where a futures contract is not.
C. only the forward contracts have settlement dates.
D. the amount of time involved.
Answer: B
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Which of the following statements is true?
A) A monopolist faces an upward sloping demand curve. B) A perfectly competitive firm faces an upward sloping demand curve. C) A monopolist can increase the price of its product and not lose all of its business. D) A perfectly competitive firm can increase the price of its product without losing its business.
The major difference between partnerships and proprietorships is
a. the limit to liability b. the opportunity to sell shares c. the reduced cost of capital d. shared responsibility and profit e. tax advantages