Options Exist When the Owner of the Option Has _____________

question 23

Multiple Choice

Options exist when the owner of the option has _____________.

• A) the obligation, but not the right to engage in a transaction
• B) the right, but not the obligation to engage in a transaction
• C) the right and obligation to engage in a transaction
• D) neither the right, nor the obligation to engage in a transaction

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Definitions:

Caterpillar ET

An electronic technician software provided by Caterpillar Inc. to diagnose and program Cat engines and machines.

Gearbox Module

A gearbox module is a self-contained unit consisting of gears and geartrain that changes the speed and torque of a vehicle's power output.

Synchromizers

Mechanisms in a manual transmission that help the gears to synchronize speeds before engaging, for smoother shifting.

Allison TC10

A 10-speed fully automatic transmission designed by Allison for heavy-duty trucks, offering fuel efficiency and seamless shifting for commercial use.