A European option on a stock is more valuable than an otherwise similar American option on the same stock

The difference between a company’s operating cycle and its net operating cycle is:

A. the number of days that it takes, on average, for the company to sell its inventory. B. the number of days that it takes the company to pay on the accounts due its suppliers. C. the number of days that it takes for the company’s cash investment in inventory to result in cash collections from customers.

The parts of a state's economy that are not fully open to foreign investors are called ________

A. exclusive economic zones B. special economic zones C. closed sectors D. restricted sectors