Use the following information for questions.
On April 1, 2017, Gamma Corp.purchases a call option for $500, which gives Gamma the right to buy 1,000 shares of Delta Inc.for $30 each until December 1, 2017.Delta Inc.shares are currently trading for $30.At June 30, 2017, the options are trading at $4,800 and the shares at $32 each.At December 1, 2017, the options expire with no value.
-At December 1, 2017, Gamma's entry would be 
Definitions:
Continuous Improvement
Continuous improvement is an ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.
Total Quality Management
A management approach focused on continuous improvement of processes, products, and services by involving all employees in quality-related activities.
Customer Orientation
A business strategy that focuses on creating a positive experience for customers, prioritizing their needs and satisfaction.
Factory Overhead
The total of all indirect costs involved in manufacturing a product, including expenses such as utilities, maintenance, and salaries of indirect labor.
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