Which of the following trades will be executed in the shortest time after the order is placed?
A) a discretionary order to buy 1,000 shares of Sunny Fun Cruise Lines.
B) a limit order to sell 100 shares of Sunny Fun Cruise Lines above $8.50
C) a market order to buy 300 shares of Sunny Fun Cruise Lines
D) a limit order to buy 4,000 shares of Sunny Fun Cruise Lines below $8.25
E) a discretionary order to sell all shares of Sunny Fun Cruise Lines
Answer: C
Explanation: C) A market order buys or sells a security at the best available price. It is usually executed within five minutes. Limit orders often require wait time for a security price to reach a specified threshold, and brokers can wait extended periods until they determine executing a discretionary order is best for the client.
You might also like to view...
A journal entry with a debit to cash of $980, a debit to Sales Discounts of $20, and a credit to Accounts Receivable of $1,000 means that a customer has taken a 10% cash discount for early payment.
Answer the following statement true (T) or false (F)
Pungent Corporation manufactures and sells a spice rack. Shown below are the actual operating results for the first two years of operations: Year 1Year 2Units (spice racks) produced 40,000 40,000Units (spice racks) sold 37,000 41,000Absorption costing net operating income$44,000$52,000Variable costing net operating income$38,000 ???Pungent's selling price and unit variable cost and total fixed cost were the same for both years. What is Pungent's variable costing net operating income for Year 2?
A. $56,000 B. $48,000 C. $54,000 D. $50,000
Which of the following is NOTlikely to help a presenter control stage fright?
a. Arrive early at the presentation site. b. Practice thepresentation until it's memorized. c. Use stress reduction exercises before the presentation. d. Rememberthat the presentation message is important tothe audience.
Which sentence is correctly punctuated?
A) Companies want employees who are organized team oriented and self-motivated. B) Companies want employees who are organized, team oriented and self-motivated. C) Companies want employees who are organized, team oriented, and self-motivated.