An Option That Can Be Exercised at Any Time Up

question 4

Multiple Choice

An option that can be exercised at any time up to maturity is called

• A)a swap.
• B)a stock option.
• C)an European option.
• D)an American option.

---

Definitions:

Business Operation

The day-to-day activities and tasks necessary for a company to function and achieve its business objectives.

Life Cycle

Describes the series of phases that a product, organization, or system goes through from initial conception to its eventual decline.

Entrepreneurial Firms

Companies that engage in significant innovations, undertake considerable risk, and aggressively pursue opportunities, typically in a quest to grow.

Management Competencies

The skills, knowledge, and abilities required by managers to effectively perform their roles within an organization.