1. Describe profit from investing portfolio includes long forward and long European . Put option at a same underlying with the same strike price and period.

2. At what level of the Figure 2.2 “hierarchy” in ALL, a single business company, does most of the design of the firmwide strategic planning process discussed in this article occur?

3. Coordination within a hierarchical level: How do the authors suggest the design is coordinated across the same level of the hierarchy?