[Solved] Using options to reduce risk is called: A)speculation. B)a naked position. C)hedging. D)a covered position. Relational Ethic: An ethical perspective emphasizing the importance of relationships and interconnectedness in moral decision-making. Consumer Capitalism: An economic system characterized by the creation and promotion of consumer demand for goods and services as a primary means of economic growth and social status attainment. Hyperconsumption: Describes an excessive and unsustainable level of consumption that surpasses what is necessary for a comfortable lifestyle, often driven by consumerism and materialism. Alienation: A condition in social relationships reflected by a decrease in the sense of personal identification with the products of one's work or disenchantment with societal norms.