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NEW QUESTION: 1
Which of the following describe(s) a speculator?
I). An investor who neither wishes to sell natural gas nor wishes to buy natural gas takes a SHORT position in natural gas futures contracts
II). A pet food manufacturer who wishes to purchase a large quantity of corn at the end of 6 months' time takes a LONG position in corn futures contracts
III). An investor who neither wishes to buy silver nor sell silver takes a LONG position in silver futures contracts
A. I, II and III.
B. II and III.
C. I and III.
Answer: C
Explanation:
The actions described in A and C represent positions that increase risk. The action described in B represents a position that decreases risk. A and C are actions that would be taken by a speculator.

NEW QUESTION: 2
Analogous Estimate Costs is _________.
A. Generally less accurate
B. Bottom-up estimating
C. Generally Accurate
D. None
Answer: A
Explanation:
Analogous Estimate Costs is Generally less accurate . Analogous Estimate Costs Uses Expert Judgment . It is used when reference projects are similar . It is useful in early phases of the project.

NEW QUESTION: 3

A. Option A
B. Option C
C. Option D
D. Option B
Answer: A