The Options Clearing Corporation (OCC) Acts as the Guarantor of Each

question 58

True/False

The Options Clearing Corporation (OCC) acts as the guarantor of each Chicago Board Options Exchange (CBOE) traded contract.

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Definitions:

Supply Management

The process of identifying, acquiring, and managing the resources and suppliers needed by an organization to perform its operations effectively.

Decentralized Purchasing Structure

An organizational framework where purchasing decisions are made independently across different departments or locations, rather than being centralized.

Centralization

The organizational structure decision to concentrate decision-making authority and control at higher levels of management.

Supply Policies

Guidelines and rules set by an organization to govern its procurement activities and relationships with suppliers.