[Solved] Using options to reduce risk is called: A)speculation. B)a naked position. C)hedging. D)a covered position. Policy Advocacy: The act of actively supporting or arguing in favor of a particular policy or set of policies, often to influence public opinion or legislative action. Analytic Style: A method of problem-solving or decision-making that involves a systematic, logical, and objective examination of data. Think Tanks: Organizations that are dedicated to research and advocacy in areas such as social policy, political strategy, economy, and military. Policy Advocacy: Efforts aimed at influencing public policy and resource allocation decisions within political, economic, and social systems and institutions.