Indicate whether the following items are characteristics of imposed budgeting or participative budgeting.
Definitions:
Option Contract
An agreement that gives the owner the right, but not the obligation, to buy or sell a specific asset at a specific price for a set period of time.
Put Options
Financial contracts giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specified time frame.
Exercise Price
The price set for buying or selling an asset under the terms of an options contract.
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