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Allman,Inc. ,enters into a call option contract with Betts Investment Co.on January 2,2014.This contract gives Allman the option to purchase 1,000 shares of Upmann stock at $100 per share.The option expires on April 30,2014.Upmann shares are trading at $100 per share on January 2,2014,at which time Allman pays $200 for the call option.
-Using the information above,the 1,000 shares of Upmann stock in this contract is referred to as the
Experiential
Relating to or derived from experience; emphasizing the importance of personal experience in the acquisition of knowledge.
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Pertaining to or depending on the context of a situation, event, or concept, affecting its understanding and interpretation.
Intelligence
The ability to acquire, understand, and apply knowledge and skills, and to adapt to new situations.
Visual-recognition Memory
The ability to remember and recognize previously encountered objects, symbols, or individuals by sight.
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