The Change in the Value of an Option for a Small

question 27

Multiple Choice

The change in the value of an option for a small unit change in the price of the underlying security is called the:

• A)alpha of an option
• B)gamma of an option
• C)beta of an option
• D)delta of an option

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Definitions:

Fixed Total Cost Contract

A type of contract where the contractor is paid a set amount for the work, regardless of the actual costs incurred.

Manager Of Vendor Contracts

An individual responsible for overseeing and managing contracts with suppliers and vendors, ensuring terms are fulfilled and evaluating performance.

Specifications

Detailed descriptions of design, materials, and performance criteria that products or services must meet or exceed.

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to business operations or activities.