You specify that your trade is to be made only at a certain price or better. You are placing a(n)
A) stop order.
B) limit order.
C) market order.
D) open order.
E) closed order.
Answer: B
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In federal lawsuits, Congress has limited the extent of joint and several liability damages to the actual percentage of responsibility if auditors are found liable for less than 75% of damages
a. True b. False Indicate whether the statement is true or false
When an asset lasts longer than its estimated useful life, depreciation no longer should be recorded
Indicate whether the statement is true or false
Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:ExpenseBasis for allocation Amount RentSquare feet of floor space $24,000 AdvertisingAmount of dollar sales $30,000 AdministrativeNumber of employees $45,000 The following information is available for its three operating (sales) departments: Department Square Feet Dollar Sales Number of employees A 3,000 $280,000 6 B 3,400 $300,000 8 C 3,600 $420,000 10 Totals 10,000 $1,000,000 24 What is the total advertising expense allocated to Department B?
A. $12,500. B. $7,500. C. $10,800. D. $ 9,000. E. $30,000.
Before toll-free telephone numbers and the Internet were used as commercial tools, fliers usually purchased airline tickets from travel agents. Travel agents no longer receive a commission from the airlines for selling tickets to consumers. This is an example of:
A. reintermediation B. disassociation C. disintermediation D. discrimination E. transference