Jason Instructed His Stockbroker to Buy 100 Shares of Utah

question 91

Multiple Choice

Jason instructed his stockbroker to buy 100 shares of Utah Industries common stock if and when the price falls to $25 per share. Jason placed a(n) :

• A) market order.
• B) odd-lot order.
• C) limit order.
• D) contingent order.

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Definitions:

Administration Department

A functional area within an organization responsible for overseeing the operations and ensuring the business runs smoothly.

Information Technology

The use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Emergency Room

A specialized department in a hospital that provides immediate treatment to patients with acute illnesses or injuries.

Intensive Care

Specialized medical and nursing care for patients with severe illnesses or injuries, typically provided in an intensive care unit (ICU).