[Solved] A writer of a naked call option will lose money if the price of the stock declines. Functional Design: The aspect of designing that focuses on the practical and operational use of an object, ensuring it effectively fulfills its intended purpose. Self-contained Units: Independent or autonomous units, often referring to organizational departments, housing, or equipment, that operate or function without the need for external inputs. Product Design: The process of creating and developing a new product to be sold to customers, focusing on specifications, appearance, and functionality. Network Design: The process of planning and implementing a computer network infrastructure that supports efficient data exchange and meets the specific requirements of an organization.