Examlex
In a multinational strategy,financial management is centralized while production and sales are decentralized.
Delta
In finance, it represents the ratio that compares the change in the price of an asset, usually a marketable security, to the corresponding change in the price of its derivative.
Gamma
A measure of the rate of change in an option's delta for a one-unit change in the price of the underlying asset.
Theta
In financial markets, it represents the rate of decline in the value of an option as time to expiration decreases, holding all else constant.
Black-Scholes
It's a mathematical model used for pricing European-style options, taking into account factors like volatility, underlying asset price, and time to expiration.
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