Use the Figure for the Question Below

question 13

Multiple Choice

Use the figure for the question below.
-This graph depicts the payoffs of a ________.

• A) long position in a put option at expiration
• B) short position in a call option at expiration
• C) short position in a put option at expiration
• D) long position in a call option at expiration

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Definitions:

Administration Costs

These are expenses related to the general operation of a business, such as salaries of office staff, rent, and utilities.

Duplication of Selling Effort

The scenario where sales activities are needlessly repeated within the same organization or sales channel, leading to inefficiency.

Level of Opportunity

A concept referring to the potential for growth and success within a particular market or industry.

Competitive Sales Position

A situation in which a company's product or service competes for preference in a marketplace against other similar offerings.