Which of the Following Is NOT One of the Widely

question 13

Multiple Choice

Which of the following is NOT one of the widely used arguments made to justify stadium subsidies and other forms of public support for professional sport teams?

• A)Professional teams create positive psychic and social benefits in a city.
• B)A stadium and a pro team create jobs for citizens in a city.
• C)Team owners regularly share their profits with city governments.
• D)Professional teams attract other businesses to the city.

---

Definitions:

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a certain time frame.

Exercise Price

The predetermined price at which the holder of an option can buy or sell the underlying asset.

American Put Option

A financial contract that gives the holder the right to sell a specified amount of an underlying asset at a predetermined price before or at the expiration date.

Strike Price

The fixed price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.