The Organizational Chart of a Bureaucracy Is Typically ______

question 20

Multiple Choice

The organizational chart of a bureaucracy is typically ______.

• A)pyramid shaped
• B)flat
• C)irrational
• D)secret

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Definitions:

Hedge Ratio

A ratio used to calculate the amount of derivatives needed to hedge a position or portfolio, often used to minimize risk exposure.

Delta

A measure in financial markets that compares the change in the price of a derivative to the change in the price of its underlying asset.

Gamma

A measure of the rate of change in an option's delta for a one-unit change in the price of the underlying asset.

Theta

An option Greek that measures the rate of decline in the value of an option due to the passage of time.