According the Model Code, a Principal, Whose Name Has Been

question 565

Multiple Choice

According the Model Code, a principal, whose name has been rejected, feeling that the broker may have actually quoted a price or rate that it could not in fact substantiate, may:

• A) deduct points from the broker or adjust the brokerage bill accordingly
• B) in some centres, ask either the central bank or some other neutral body to investigate and confidentially verify that there was support for the original price or rate
• C) in some centres, ask the local ACI to investigate and confidentially verify that there was support for the original price or rate
• D) insist that the broker discloses the name of the other counterparty

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Definitions:

Labour Forecasting

The process of estimating the future demand for and supply of labor, helping organizations plan their workforce requirements.

Establishing Costs

Establishing Costs involves determining the expenses associated with the production, operation, or provision of a service.