[Solved] Using options to reduce risk is called A)a naked position. B)speculation. C)a covered position. D)hedging. Dominant Position: A situation where a company or entity has a significant or controlling influence over a market, allowing it to set prices or control the supply of products or services. Nondisclosure: The obligation to keep certain information confidential and not share it without authorization. Rescinding Contract: The process of unilaterally terminating a contract by one of the parties involved, effectively rendering the agreement null and void from the outset. Mistakes: Errors or misunderstandings that can occur in various contexts, such as in contracts, decisions, or actions.