Short and long positions in the futures markets refer to the length of time before the contracts' delivery dates

Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home and back

The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Alex loses money. Which of the following characteristics of service is most likely the source of Alex's problem? A) intangibility B) perishability C) inconsistency D) variability E) inseparability

Which of the following is not one of the functions of the Securities and Exchange Commission?

A) Providing government-backed insurance to purchasers of securities B) Regulating securities brokers and advisors C) Adopting rules to further the functions of the securities laws D) Bringing enforcement actions against suspected violators of securities laws E) Investigating securities violations