An Option

question 1

Multiple Choice

An option:

• A) is an agreement to trade something in the future, either to buy or to sell a specific amount of a specific asset
• B) is an agreement that gives the buyer (holder) of the option the right but not the obligation to buy or sell something in the future at a fixed price
• C) is an agreement that gives the holder the right to buy or sell the underlying asset, so, as with all investment assets, the investor wishes to be long if they expect prices to rise and wishes to be short if they expect them to fall
• D) none of the above

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Definitions:

Forces Resisting Change

Refers to the obstacles or oppositions that hinder the implementation of change within an organization, often stemming from individual, group, or systemic resistance.

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as labor and materials.

Saving Face

Efforts made by individuals or groups to avoid embarrassment or maintain dignity and respect in the eyes of others.

Appreciative Inquiry

An approach focusing on identifying and building upon an organization's strengths and successes rather than problems.