Which of the following describes a long position in an option?
A. A position where there is more than one year to maturity
B. A position where there is more than five years to maturity
C. A position where an option has been purchased
D. A position that has been held for a long time
C
A long position is a position where an option has been purchased. It can be contrasted with a short position which is a position where an option has been sold.
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Colin takes notes at executive council meetings and prepares summaries to present to middle managers and supervisors at a monthly meeting. This task is part of a(n) _______ role.
A. disseminator B. entrepreneur C. monitor D. leadership E. visionary
A gain contingency that is reasonably possible and for which the amount can be reasonably estimated should be
A) accrued. B) disclosed but not accrued. C) neither accrued nor disclosed. D) classified as an appropriation of retained earnings.
A certificate of deposit is:
A. an instrument in which the maker makes an unconditional promise to pay a fixed amount of money with interest to the payee on demand. B. an instrument in which the maker makes an unconditional promise to pay a fixed amount of money without interest to the payee at the specified future time. C. the most widely used form of commercial paper that is a draft payable on demand and drawn on a bank. D. an instrument containing an acknowledgment by a bank that it has received a deposit of money and a promise to repay the sum of money.
At a party, Jenny talks to a flight attendant who mentions the passenger she had in first class who needed a second seat for his oxygen and other medical equipment
Jenny realizes that modifying buses for medical needs instead of luxury could open a whole new market. This is an example of: A) product strategy B) transactional selling C) the persuader stage D) the marketing mix E) the marketing concept