Kay and Leo Form Metro Delivery Inc

question 4

Multiple Choice

Kay and Leo form Metro Delivery Inc. Responsibility for all policymaking decisions related to corporate affairs lies with Metro's

• A)board of directors.
• B)high-level managers.
• C)chief executive officer.
• D)shareholders.

---

Definitions:

Bid Price

The highest price a buyer is willing to pay for a security or commodity.

Gross Trading Profit

The total profit from trading activities before deducting expenses and taxes.

Inside Quotes

The highest bid and lowest ask prices among all market makers in a particular stock, representing the most competitive prices at which you can buy or sell.

Limit Order Book

A record of all the outstanding buy and sell orders for a particular security or financial instrument, organized by price level.