Which of the following statements concerning market, stop loss and limit orders are correct?
I. Market orders guarantee both a price and an execution.
II. Market orders guarantee an execution but not a price.
III. Limit orders guarantee a price but not an execution.
IV. Stop-loss orders may never be executed.
A) I and III only
B) II, III and IV only
C) I and IV only
D) II and IV only
Answer: B
You might also like to view...
To explain the change in the amount of retained earnings between successive balance sheet dates, it is customary to prepare a(n)
a. retained earnings statement. b. balance sheet. c. statement of stockholders' equity. d. income statement.
When planning the audit, information is gathered by all of the following methods except
a. completing questionnaires b. interviewing management c. observing activities d. confirming accounts receivable
Which of the following is an example of a fixed asset for a music store?
A. Sheet music that is played in the store B. A selection of jazz CDs owned by the store employees C. An assortment of music displayed in the store D. A wide range of classical and electric guitars E. A computer that is used to manage the store's inventory
Which of the following is most likely to be the consequence of increased growth of global trade?
A) Home markets become richer in opportunities. B) Foreign firms expand aggressively into new international markets. C) Global competition is curbed. D) Industries become safe from foreign competition. E) Domestic companies increase their chances to dominate their home markets.