[Solved] An option that gives the holder the right to buy a stock at a specified price at some time in the future is called a(n) A) Call option. B) Put option. C) Out-of-the-money option. D) Naked option. E) Covered option. Retail and Wholesale: The selling of goods in small quantities (retail) to consumers and in large quantities (wholesale) to businesses or retailers. Theory of Constraint (TOC): A management philosophy that focuses on identifying and removing bottlenecks or constraints that limit the performance of a system. Ethical Responsibility: The duty of individuals and corporations to act in ways that benefit not just themselves but also society, often beyond legal obligations. Codes of Conduct: Written guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.