Questions

Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer's requirements.

The main difference lies in the motive of the two parties. The main motive of the hedger is to hedge(minimize) the risk from the occurence of some events. 

The motive of the speculator is to gamble in the market in order to make the profit by buying/selling the derivative products.

In the thermite process, the reducing agent is Aluminium.

ADP stand for Army Doctrine Publication.  An official written document that provides established principles in the U.S. Army that support national objectives.

Laissez-faire is simply a way to describe a government's hands-off approach to economic policies. This approach was particularly prevalent in the United States at the turn of the 20th century, which led to numerous issues within American manufacturing.

There are many outcomes of laissez-faire economic policies. Some of the outcomes of laissez-faire economics were:

* Businesses pay workers low.

* Pollution of air and water.

* Poverty traps that cannot be escaped through free choice. 

* General glut that results from overproduction or underconsumption

* Monopoly power that emerges naturally in the market and allows businesses to exploit consumers. 

* Exploitation of the working class that pushes wages down to subsistence and compels laborers to work in harsh and unsafe conditions. 

* External economies that generate situations where desirable goods are underproduced on the market, and undesirable goods are overproduced on the market. 

* Public goods that are not supplied by the market due to free-rider problems.

"The moon smiled at me" is the example of personification in the given options.

Personification is a technique in which we give objects human traits like emotions, gestures, speech,... by using metaphor. 

Here moon is an object which cannot smile but using metaphor sense, we gave that sense to it.

The reactivity of an atom arises from the existence of unpaired electrons in the valence shell.