An Option Is a Type of Contract Between a Buyer

question 55

Multiple Choice

An option is a type of contract between a buyer and a writer wherein one grants the other the __ to buy or sell a specific asset at a specific price within a specified date.

• A) right
• B) obligation
• C) tax status
• D) power of attorney

---

Definitions:

Intelligence

The ability to acquire, understand, and use knowledge effectively, including the capacity for logic, reasoning, problem solving, and learning.

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg, which suggests that human intelligence comprises three aspects: analytical, creative, and practical intelligence.

Sternberg

Refers to Robert Sternberg, an American psychologist who proposed the triarchic theory of intelligence which includes analytical, creative, and practical aspects.

Intelligence

The ability to acquire, understand, and use knowledge, including the capacity for logic, understanding, self-awareness, learning, emotional knowledge, planning, creativity, and problem-solving.