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India Sisson Wants to Grab a Latte Before Heading to Her

question 32

Multiple Choice

India Sisson wants to grab a latte before heading to her marketing class,knowing that the jolt of a double tall mocha is the only thing that can possibly keep her eyes open during today's presentation on the four Ps.The barista is slower than molasses in January and India notes that the pace of the line won't permit her to grab her favorite seat in the back row of her class.She decides to risk marketing without a latte and leaves the line before getting served.India's behaviour is best described as

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Definitions:

Puts

Options contracts giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

Underlying Security

The asset upon which a derivative contract, such as an option, is based.

Option

A financial derivative that represents a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified strike price on or before a specified date.