One Theme in the Study of Public Administration Relates to the Need

question 21

Multiple Choice

One theme in the study of public administration relates to the need to balance "lofty expectations" with ______.

• A) needs of the citizens
• B) distrust of government
• C) historical roots of modern government
• D) accountability

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Definitions:

Call Contract

An agreement that gives the option buyer the right, but not the obligation, to buy a specified quantity of an asset at a predetermined price within a certain time frame.

Put Contract

A financial contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.

Writer of a Call Option

The individual or entity that sells a call option and has the obligation to sell the underlying asset at the set strike price if the option is exercised.

Buyer of a Put Option

An investor who acquires the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a set time frame.