A Manager at a Hospital Designs a Training Class That

question 21

Multiple Choice

A manager at a hospital designs a training class that uses a simulation by having nurse candidates

• A)take part in a surgery with a dummy patient.
• B)watch a video showing a surgery.
• C)watch other nurses assist a surgery.
• D)enroll in a university course about surgery.

---

Definitions:

Underlying Asset

The specific financial instrument (e.g., stock, bond, commodity) on which a derivative's value is based.

Puts

A type of option contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specific time frame.

Strike Price

The fixed price specified in an options contract at which the holder can buy or sell the underlying asset.

Black-Scholes Model

A mathematical model used for pricing European-style options, estimating the variation over time of financial instruments.