Written Confirmation Is a Function That Can Be Done By

question 339

Multiple Choice

Written confirmation is a function that can be done by:

• A) Any dealer as long as he/she is not a party to the trade.
• B) Staff in the back-office.
• C) Staff in the dealing room who are not dealing.
• D) Any staff outside the dealing room.

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume.

Production Level

The quantity of goods or services produced within a specified period by a company, factory, or manufacturing plant.

Direct Labor

The cost associated with workers who are directly involved in the production of goods or services.

GAAP

Generally Accepted Accounting Principles; a set of rules and standards used for financial reporting and accounting.