Mrs Davis Has Booked an Awards Banquet for 200 Guests

question 8

Multiple Choice

Mrs. Davis has booked an awards banquet for 200 guests. Because of the addition of a famous guest speaker being booked after the original booking, she calls and states that she anticipates an increase of guests by 50 percent. How many meals will now have to be prepared for Mrs. Davis's banquet?

• A) 300 meals
• B) 200 meals
• C) 100 meals
• D) 400 meals

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Definitions:

Options Strategy

A plan or approach for trading options that can involve buying and/or selling one or more options that differ in one or more of the options' variables.

Security

A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Gains

Profits realized from the sale of assets or from investment income, including dividends, interest, and capital gains.

Strike Price

The specified price at which the buyer of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.