Which One of the Following Statements Is Correct About a Good-'Til-Cancelled

question 23

Multiple Choice

Which one of the following statements is correct about a good-'til-cancelled order?

• A) The order generally expires after six weeks.
• B) The order will automatically renew unless cancelled by the customer.
• C) The order helps customers obtain a specific price without watching the market continuously.
• D) The order will be cancelled at the end of the trading day if not executed.

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Definitions:

Expensive Labor

Refers to labor that has a high cost, often due to skills, experience, or wage regulations that increase the compensation required to employ workers.

Resource Endowments

The natural resources, capital, and human skills that a country or region has available for economic production.

World Bank

An international financial institution that offers loans, grants, and expert advice to developing countries for economic development projects.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.