A(n) ________ is the purchased right, without obligation, to buy or sell a specified number of shares of a stock or other security during a specified period of time
A) credit derivative
B) secured bond
C) option
D) financial future
E) commodity future
Answer: C
Explanation: An option is the purchased right–but not the obligation–to buy or sell a specified number of shares of a stock or other security at a predetermined price during a specified period. Investors who trade options are betting that the price of the stock will either rise or decline.
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To satisfy customers, a(n) ________ marketer finds a stated need and fills it
A) creative B) responsive C) anticipative D) laidback E) inexperienced
By definition, a consumer's surplus occurs when ________
A) there are more buyers for a product than units of the product available for sale B) there are more units of a product available for sale than buyers of the product C) consumers purchase a product at a price greater than the utility of the product D) consumers purchase a product at a price less than the utility of the product E) consumers assign a lower utility to a product than marketers had expected
Differentiate between programmed and nonprogrammed decisions. Which type is more typical for managerial decisions?
What will be an ideal response?
Baxter, a hospital administrator, is facing a challenge stressor today so he is likely to
A) feel indifferent to what is going on around him. B) be less motivated and perform more poorly. C) be more motivated and perform better. D) go into a state of panic because of a system collapse.