23-20 a Naked Option Is an Option Written That Has

question 39

True/False

23-20 A naked option is an option written that has no identifiable underlying asset or liability position.

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Definitions:

Sole Proprietorship

The simplest form of business organization in which the owner is the business. Anyone who does business without creating a formal business entity has a sole proprietorship.

Professional Corporation

A type of corporation for professionals such as lawyers, doctors, and accountants, subject to specific regulatory provisions.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Sole Proprietorship

A business structure where a single individual owns, operates, and is responsible for the business, enjoying all profits and bearing all losses.