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iRubric: Commodity Marketing Alternatives rubric

iRubric: Commodity Marketing Alternatives rubric

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Commodity Marketing Alternatives 
Rubric Code: B585WC
By ajohnson02
Draft
Public Rubric
Subject: Vocational  
Type: Assessment  
Grade Levels: 9-12

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  Poor

3 pts

Fair

6 pts

Good

10 pts

Your Score

(N/A)

Cash Marketing

Poor

Student completes one or none of the tasks:
locates cash prices for commodities, local basis, and calculates sales transaction value.
Fair

Student completes some of the tasks: locates cash prices for commodities, local basis, and calculates sales transaction value.
Good

Student successfully locates cash prices for commodities, local basis, and calculates sales transaction value.
Your Score
Forward Contracts

Poor

Student completes one or none of the tasks: locates forward contract pricing for commodities, calculates local basis, and calculates sales transaction value.
Fair

Student completes some of the tasks: locates forward contract pricing for commodities, calculates local basis, and calculates sales transaction value.
Good

Student successfully locates forward contract pricing for commodities, calculates local basis, and calculates sales transaction value.
Your Score
Futures

Poor

Student completes one or none of the tasks: successfully locates futures prices, can read current price, and calculates basis, hedging fees and commission to calculate a sales transaction value. Student struggles understanding the futures market.
Fair

Student completes some of the tasks: successfully locates futures prices, can read current price, and calculates basis, hedging fees and commission to calculate a sales transaction value. Student understands some of the uses of the futures market.
Good

Student successfully locates futures prices, can read current price, and calculates basis, hedging fees and commission to calculate a sales transaction value. Student understands the use of the futures market.
Your Score
Options

Poor

Student completes one or none of the tasks: understands the difference between puts and calls. Student calculates an expected hedging price using options costs, hedging fees, and commission costs. The student struggles understanding options contracts on futures.
Fair

Student completes some of the tasks: understands the difference between puts and calls. Student calculates an expected hedging price using options costs, hedging fees, and commission costs. The student understands some of the uses of a options contract on futures.
Good

Student understands the difference between puts and calls. Student calculates an expected hedging price using options costs, hedging fees, and commission costs. The student understands the use of a options contract on futures.
Your Score




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