Use These Option Quotes to Answer This Question:
ZZ Industries

question 53

Multiple Choice

Use these option quotes to answer this question:
ZZ Industries: Price 34.36
Calls:
$\begin{array}{lcccccrr}\text { Strike } & \text { Symbol } & \text { Last } & \text { Chg } & \text { Bid } & \text { Ask } & \text { Vol } & \text { Open Int } \\30.00 & \text { ZZBF } & 4.30 & \downarrow .07 & 4.30 & 4.40 & 62 & 3,429 \\32.50 & \text { ZZBZ } & 1.87 & \downarrow .07 & 1.82 & 1.87 & 236 & 8,168 \\35.00 & \text { ZZBG } & .01 & .05 & .00 & .01 & 3119 & 38,017\end{array}$

Puts:
$\begin{array}{lcccccrr}\text { Strike } & \text { Symbol } & \text { Last } & \text { Chg } & \text { Bid } & \text { Ask } & \text { Vol } & \text { Open Int } \\30.00 & \text { ZZNF } & .01 & .00 & .00 & .01 & 0 & 7,258 \\32.50 & \text { ZZNZ } & .01 & \downarrow .02 & .00 & .01 & 562 & 34,972 \\35.00 & \text { ZZNG } & .60 & \downarrow .14 & .63 & .68 & 2637 & 19,686\end{array}$


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You would like to have the right to purchase 250 shares of ZZ Industries stock at a price of $32.50 a share. How much will it cost you to buy options to meet this objective?

• A)$103.11
• B)$12.90
• C)$374.00
• D)$467.50
• E)$561.00

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Definitions:

Chase Aggregate Plan

A planning approach that adjusts production rates and workforce levels to match demand fluctuations, minimizing inventory and staffing costs.

Hiring Workers

The process of identifying, recruiting, selecting, and onboarding individuals to fill job vacancies.

Laying Off Workers

The process of temporarily or permanently removing employees from their positions due to economic constraints or organizational restructuring.

Stockout Cost

The cost associated with not having enough inventory to meet demand, leading to missed sales and potential loss of customers.