A stock is at $68. A two-month put (strike price = $70) is available at a $5 premium. The intrinsic value is _____ and the time value is ______. Please note that an option premium equals the sum of the intrinsic value and time value.

a. $5 . . . $0.
b. $0 . . . $5.
c. $3 . . . $2.
d. $2 . . . $3.


d. $2 . . . $3.

Business

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An arrow in a process map represents a:

A) move activity. B) start or finish point. C) delay. D) creation of a document.

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In which of the following cases does the conversion of an existing business to an LLC take effect?

A. when the articles of organization are filed with the secretary of state B. when the members enter into an agreement of conversion C. when an operating agreement is finalized by members D. when the first certificate of interest is issued

Business

Your Wish, Inc. ? Cindy worked for a retail company and noticed there were many things it could do better. She shared some of her ideas with upper management, but it did not want to do things differently. When Cindy went home to talk to her husband, they both realized that, given her passion, it would be better for Cindy to open her own business. After a lot of consideration, she decided to open a sporting goods store called Your Wish, Inc. She also knew just where to open the store?right next to her house. ? To be certain to address all aspects of the business, Cindy hired a marketing research firm to determine the best location. Once all the research was compiled and analyzed, she realized that it would actually be better to open the store in a different area. She also realized

that deciding where to locate the business was not the only major concern. More specifically, she would have to focus on the four elements of the marketing mix as well, creating a whole marketing plan. Her husband mentioned the possibility of using online information services to help with the business. With her husband's support and a good marketing plan, Cindy felt that she would be prepared to make the right decisions. Refer to Your Wish, Inc. Cindy thought about focusing on the four elements of the marketing mix. Which of the following is one of those elements? A. Production B. Price C. Power D. Possession E. Personal income

Business

Which of the following is considered as an attribution of “brand community”?

a. specialization b. non-geographically bound communities c. based on a structured set of social relationships among admirers of a brand d. all of the above

Business