What Is an Open System

question 137

Multiple Choice

What is an open system?

• A)any proprietary software licensed under exclusive legal right of the copyright holder
• B)any software whose source code is made available free for any third party to review and modify
• C)contains instructions written by a programmer specifying the actions to be performed by computer software
• D)consists of nonproprietary hardware and software based on publically known standards that allow third parties to create add-on products to plug into or interoperate

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Definitions:

Call Option

A financial agreement allowing the purchaser the option, rather than the requirement, to purchase a given stock, bond, commodity, or different asset at an agreed-upon price within a certain timeframe.

Value Increase

Refers to the rise in worth or price of assets, investments, or goods over time.

Black-Scholes

A mathematical model of a financial market containing derivative investment instruments, primarily used for pricing European call and put options.

European Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell an asset at a specified price on a specified expiration date, unlike American options, which can be exercised at any time before expiry.