Which of the following is NOT a formal part of the accounting system?

Answer the following statement(s) true (T) or false (F)

1. Dan Ariely describes a phenomenon he discovered called the third "decoy" option, which says adding an inferior option will make the original product look more attractive. 2. With prestige pricing, elasticity in demand can be a positive number. this means when the price goes up, instead of demand decreasing, demand actually. 3. Running last-minute ads is typically an option in magazines. 4. Youtube is the second largest search engine behind Google. 5. It is not possible to use one platform for one type of interaction and another platform for the same company to fill a different function.

Fred bought 600 shares of Edgewood stock at a price of $19. The stock is currently selling for $53 a share. To protect his profits, Fred should buy

A) 600 call options with a strike price of $55. B) 600 put options with a strike price of $50. C) 6 call options with a strike price of $55. D) 6 put options with a strike price of $50.