Which of the Following Is Not Considered an Essential Record

question 6

Multiple Choice

Which of the following is not considered an essential record to be maintained in a preventive maintenance system?

• A) price of the equipment
• B) inspection checklist
• C) repair information
• D) maintenance schedule

---

Definitions:

Market Order

A type of order to buy or sell a security immediately at the best available current price.

Initial Margin

Initial margin refers to the percentage of the purchase price of securities (e.g., stocks or futures) that an investor must pay for with their own funds when using a margin account.

Limit-Buy Order

An order to purchase a security at or below a specified price, ensuring the buyer pays no more than the predetermined price.

Limit-Sell Order

A type of stock market order where a seller sets the minimum price they are willing to accept for a security, and the trade only executes if the market price meets or exceeds that price.