Answer:
brainstorming as a part of it’s decision making process
A listing contract that spells out terms and conditions for the seller and broker is a Written or Expressed agency agreement.
Express agency is an agreement that is signed in writing and is made between the principal and the agent. The contracts give the agent authority granted by the principal through an agency agreement.
An Express agency is a real agency established by a verbal or written agreement between the agent and the principal. The Principal hereby appoints the Agent hereunder to act as the Principal's agent. An express agency, for instance, is a documented listing agreement between a broker and a real estate seller. An agency agreement outlines the conditions of the agency, including what the agent is allowed to do and how much is paid for the agent's services. The agreement also grants the agent the power that the principal specifies, such as the only able to act in her place.
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The full-time job not worked by a college student (and the wages not earned) because she has to spend a lot of time studying is an example of opportunity cost.
Opportunity cost is the time you spend studying and the money you spend doing something else. The farmer decided to plant wheat. The opportunity cost is to grow another crop or use resources (land and farm tools) in another way. Commuters commute by train instead of by car.
Opportunity cost is what you have to give up to buy what you want in other goods and services. When economists use the word cost, they usually mean opportunity cost. The word “expenses” is often used in everyday conversation and news.
Opportunity cost is an economic term that refers to the value of something you have to give up in order to choose something else. In short, it's the value of the path it didn't take.
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Answer:
a gain for 2,670
Explanation:
We first calculate the difference betwene the prices
future price - expiration date = result per ton
1,696 - 1,607 = 89
We sale Cocoa in the future for 1,696
the price at expiration was 1,607
We sale at a higher price than market, this is a gain.
We have profits for $89 per ton
Each future contract has 10 tons and we sold 3 contracts
The total tons would be 3 x 10 = 30 tons
Now we multiply the gain per ton by the total tons sold
89 x 30 = 2,670
This will be the gain on future contract.