What Should Be Done When a Voice Broker Calls "Off

question 27

Multiple Choice

What should be done when a voice broker calls "off" at the very instant the dealer hits the broker's price as "mine" or "yours"?

• A) The transaction should be concluded and the broker should inform both counterparties accordingly.
• B) The dealer who hits the broker's price may decide whether the deal is done or not; the broker should inform both counterparties accordingly.
• C) The deal should not be concluded and the broker should inform both counterparties accordingly.
• D) The broker should immediately inform both counterparties that the deal will have to berenegotiated.

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Definitions:

Final Demand

The demand for finished goods and services by consumers, businesses, and the government, excluding intermediate goods used in production.

MRP Curve

Marginal Revenue Product Curve, representing the extra revenue produced from hiring an additional unit of a resource.

MRP

Marginal Revenue Product - the additional revenue generated from employing one more unit of a resource, such as labor or capital.

Wage Rate

The standard amount of compensation that workers receive in exchange for their labor, typically expressed per hour or unit of work performed.