[Solved] Using options to place a bet on the direction in which you believe the market is likely to move is called: A)speculation. B)hedging. C)a covered position. D)a naked position. E)diversification. Special-Interest Group: An organization of people with shared ideas or goals who try to influence public policy and decisions. Environmental Leadership: The role or actions taken by individuals or organizations in directing efforts towards environmental conservation and sustainability. Legal Standing: The right of an individual or entity to bring a lawsuit to court, based on their stake or interest in the outcome. Unwritten Rules: Norms, behaviors, or conventions that are understood and followed by a group or society but not formally documented.