One Way to Eliminate Lights Being Left on When Either

question 16

Multiple Choice

One way to eliminate lights being left on when either they are not needed or when no one is in a room is to install a __________ to turn lights on and off automatically.

• A) motion detector
• B) dimmer switch
• C) photo cell
• D) double-pole switch

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Definitions:

Call Options

Financial derivatives that give the holder the right, but not the obligation, to buy an asset at a specified price within a specific time frame.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's shares at certain times during their life, usually at the discretion of the bondholder.

Warrants

Securities that grant the holder the right to purchase a company's stock at a specified price before a certain date, often attached to bonds.

Call Options

Financial contracts giving the buyer the right, but not the obligation, to buy an underlying asset or security at a specified price within a defined time period.