Which of the Following Best Describes Why We Have Seasons

question 96

Multiple Choice

Which of the following best describes why we have seasons on Earth?

• A)The varying speed of Earth in its orbit around the Sun gives us summer when we are moving fastest and winter when we are moving slowest.
• B)The tilt of Earth's axis causes the northern hemisphere to be closer to the Sun than the southern hemisphere in summer, and vice versa in winter.
• C)The tilt of Earth's axis causes different portions of the Earth to receive more or less direct sunlight at different times of year.
• D)Earth's elliptical orbit means we are closer to the Sun and therefore receive more intense sunlight at some times of year than at others.

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Definitions:

Exercise Price

The specified price at which an option contract can be executed, typically referring to the buy (call) or sell (put) price for stocks.

3-for-1 Split

A stock split in which shareholders receive three shares for each share they hold, effectively reducing the stock price and making the shares more affordable, while keeping the overall valuation of the company the same.

Underlying Stock

Refers to the basic stock that an options or futures contract is based upon.

Options

Financial derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price within a certain period.