Your College Campus Is Broken into Five Sections (Main Campus

question 23

Multiple Choice

Your college campus is broken into five sections (Main Campus, North Campus, East Campus, West Campus, and South Campus) . The board of trustees has recently approved the installation of 70 emergency blue lights. The lights will be apportioned based the area of each section (i.e. the larger the section, the more lights) . The table below gives the area, in acres, of each section of campus.
-Based on the scenario above , which apportionment results in a violation of the Quota Rule?

• A) Main Campus: 17 ; North Campus: 22; East Campus: 12; West Campus: 13 ; South Campus: 6
• B) Main Campus: 18 ; North Campus: 21 ; East Campus: 12; West Campus: 14 ; South Campus: 5
• C) Main Campus: 16; North Campus: 22; East Campus: 13; West Campus: 14; South Campus: 5
• D) Main Campus: 18 ; North Campus: 23; East Campus: 13; West Campus: 12; South Campus: 4
• E) All of the above.

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Definitions:

American Call Option

A financial derivative that gives the buyer the right, but not the obligation, to buy a stock at a certain price within a specified time frame.

Exercise Price

The price at which the holder of an option can buy (call) or sell (put) the underlying security or commodity.

Option Prices

The cost to purchase an option, which gives the holder the right, but not the obligation, to buy or sell an asset at a specified price before a particular date.

Asian Put Option

A type of put option where the payoff depends on the average price of the underlying asset over a certain period rather than its price at expiration.