What Term Refers to the Offices, Tasks, and Principles That

question 4

Multiple Choice

What term refers to the offices, tasks, and principles that large organizations, including governments, employ to coordinate their work?

• A) Administration
• B) Bureaucracy
• C) Civil service
• D) Chain of command

---

Definitions:

Exercise Price

The rate at which an option's owner is permitted to purchase or sell the underlying asset.

Option Contract

A contract which gives the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price prior to or on a specified date.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a certain period.

Strike Price

The set price at which an option contract can be bought (call) or sold (put) when it is exercised.