Answer: TRUE.
The essential notion underlying strategic trade policy is imperfect competition. Strategic trade policy is also referred as Strategic trade theory that includes the policies adopted by a country to understand the outcome of strategic interaction between various firms.
Assuming the 30-day forward exchange rate was $1 = 130 and the spot exchange rate was $1 = ×120, the dollar is selling at a premium on the 30-day forward market.
An over-the-counter market known as a forward market determines the price of a financial instrument or asset for future delivery. Although a variety of assets can be traded on forward markets, the phrase is most frequently used to refer to the foreign currency market.
Minimizing risk and fixing the price of an asset or financial instrument for the future is one of the forward market's primary goals. Any party can enter into a contract through the forward market when they want to reduce risk and fix the price of any asset or financial instrument.
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They involve a fixed total price for a well-defined product or service which is true of lump-sum contracts. The correct option is C.
<h3>What is the advantage of a lumpsum contract?</h3>
Lump sum contracts allow for a more straightforward assessment of soil conditions, bidding prices, and pre-construction analysis, making the selection process less time-consuming. Accounting for lump sum contracts is low-intensity, which reduces the contractor's overhead expenses and allows for consistent cash flow.
A lump sum contract, also known as a stipulated sum contract, is one in which the project owner provides explicit specifications for the work and the contractor provides a fixed price for the project.
Thus, the ideal selection is option C.
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B the quality is the most important when considering buying an item. Then you think of quantity.
Answer:
The answer is: $1,075
Explanation:
Part A has the following unit costs:
- 50 units x 5$ per unit = $250
- 50 units x $4.50 per unit = $225
Part B has the following unit costs:
- 75 units x 6$ per unit = $450
- 75 units x $6.50 per unit = $487.50
Part C has the following unit costs:
- 160 units x 3$ per unit = $480
- 160 units x $2.50 per unit = $400
If we use the lower cost of market method to value the company's ending inventory we have to choose the lowest possible price for parts A, B and C.
ending inventory = $225 (part A) + $450 (part B) + $400 (part C) = $1,075