You own a July $15 call on ABC stock. Assume today is April 20 and the call has zero intrinsic value. Which one of the following bent describes this option? A) Unfunded B) Worthless C) Expired D) In-the-money E) Out-of-the-money Lucas Enterprises recently opted to open a new retail outlet. If the outlet outperforms the expectations, the manager can opt to increase the store's size. If it underperforms, the manager can opt to close the store. These choices that the manager has been given are called: A) Managerial options B) Executive options. C) Put options. D) Straddles. E) Call options. Which one of the following considers all of the options implicit in a project? A) Prospective evaluation B) Contingency planning C) Strategic evaluation D) Expansion planning E) Asset management review Suzie is the controller of The Price Rite Company. She has been granted the right to buy 1,000 shares of her employer's stock at $25 a share anytime within the next three years. Which one of following has Suzie been granted? A) Company bonus option B) Employee grant C) Company benefits option D) Employee exercise option E) Employee stock option