[Solved] A naked option is an option written that has no identifiable underlying asset or liability position. Value-Expressive: Refers to a function of attitudes where individuals express core values and beliefs through their preferences and behaviors. Normative: Pertaining to norms or standards, often involving rules or guidelines that dictate correct or expected behavior within a society or group. Informational: In marketing, this term often relates to messages or media that provide consumers with factual data and details about a product's benefits, features, or usage. Bandwagon Effect: The tendency for people to adopt certain behaviors, styles, or attitudes simply because others are doing so, often used in marketing to drive product popularity.