Sales of Securities That the Seller Does Not Own Is

question 16

Multiple Choice

Sales of securities that the seller does not own is called a:

• A) stop-loss order
• B) short sale
• C) limit order
• D) maintenance margin

---

Definitions:

Geographical Region

An area defined by natural or artificial features, political boundaries, or cultural characteristics that distinguish it from surrounding areas.

Limited-Function Merchant Wholesaler

A wholesaler that provides a limited range of services, focusing on specific functions like storage or delivery rather than comprehensive support.

Full-Function Merchant Wholesaler

A wholesaler that provides a range of services including stocking inventory, operating warehouses, and offering credit to retailers.

Logistics

Process of coordinating flow of goods, services, and information among members of the supply chain.