Which of the Following Is True for a Long Position

question 14

Multiple Choice

Which of the following is true for a long position in an option

• A) Both gamma and vega are negative
• B) Gamma is negative and vega is positive
• C) Gamma is positive and vega is negative
• D) Both gamma and vega are positive

Understand the economic significance of services in the U.S. economy.

Develop insight into customer expectations and perceptions regarding services.

Understand strategies for service differentiation and competitiveness.

Recognize the importance of employee empowerment and support in delivering quality service.

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Definitions:

Investment

The allocation of resources, such as capital or time, with the expectation of generating a future return.

Present Value

The current value of a future amount of money, calculated using a specific interest rate to account for the time value of money.

Annual Cash Operating Costs

Refers to the total amount of cash expenditures that a business incurs within one year to maintain its operations excluding non-cash expenses.

New Bus

A recently manufactured bus, not previously used or owned, often equipped with the latest features and technology.