[Solved] An option that gives the holder the right to sell a stock at a specified price at some future time is A) a put option. B) an out-of-the-money option. C) a naked option. D) a covered option. E) a call option. Direct Labor: The labor costs directly tied to the production of goods or the provision of services. Variable Costs: Expenses that vary directly with the production output or activity levels. Break-Even Sales: The amount of revenue needed to cover total costs, at which point a business neither makes a profit nor incurs a loss. Margin of Safety: Represents the difference between actual or planned sales and the break-even sales, indicating the amount by which sales can drop before the business incurs a loss.