[Solved] 23-56 A contract that results in the delivery of a futures contract when exercised is a A)put option. B)call option. C)naked option. D)futures option. E)credit spread call option. Formal Disciplinary Action: Official measures taken by an organization against an employee for violating policies or standards, which may include warnings, suspension, or termination. Counseled: Providing guidance or advice to individuals to help resolve personal or professional issues. People-related Problems: Refers to issues or conflicts arising from interactions or relationships between individuals in a workplace or social setting. First-line Manager: The lowest level of management, directly supervising non-managerial employees and overseeing daily operations.