An Option Contract Is Not Binding Without

question 7

Multiple Choice

An option contract is not binding without

• A) pre-agreed occurrence.
• B) money.
• C) consideration.
• D) a written agreement.

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Definitions:

Horizontal Analysis

Financial analysis that compares an item in a current statement with the same item in prior statements in terms of the amount and percentage of change.

Base Year

A specific year chosen as a point of comparison for financial or economic data over time.

Current Position Analysis

The evaluation of a company’s ability to pay its current liabilities.

Short-Term Creditors

Entities or individuals who have provided financial credit to a company with the expectation of being repaid within a short period, usually within a year.