An Agreement That Grants the Owner the Right, but Not

question 51

Multiple Choice

An agreement that grants the owner the right, but not the obligation, to buy or sell a specific asset at a specified price during a specified time period is called a(n) ________ contract.

• A)futures
• B)obligatory
• C)quoted
• D)fixed
• E)option

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Definitions:

Salesperson

An individual who sells goods or services to customers for a living, often directly interacting with the buyers.

Social Pressure

The influence exerted by society or a social group on an individual to encourage conformity to norms, values, or behaviors.

Cultural Differences

The variation in the ways of life, beliefs, and practices among different societies or groups of people.

Milgram Research

A series of experiments conducted by Stanley Milgram, demonstrating the willingness of individuals to obey authority figures, even to the point of inflicting harm on others.