During the 1990s, the SEC Continued Its Emphasis on Greater

question 14

Multiple Choice

During the 1990s, the SEC continued its emphasis on greater quote and price transparency. In this regard, the SEC instituted new order handling rules in 1997. These rules include: ________.

• A) any market-maker who held a customer order had to display that order in their quote.
• B) a market-maker could place a more aggressive quote in an ECN, if the ECN displayed the top of its book in the Nasdaq quote montage.
• C) if the ECN's own best quote was not shown in the quote montage, then the market-maker had to update its own quote in Nasdaq to match the ECN quote.
• D) All of these

Recognize the advantages and disadvantages of various organizational designs and structures.

Understand the significance and application of rules, procedures, and span of control in organizational settings.

Apply the concepts of division of labor and hierarchy of authority within organizational contexts.

Distinguish between the outcomes of different organizational designs on employee behavior and performance.

---

Definitions:

Ecology

Study of the interactions of organisms with other organisms and with the physical and chemical environment.

Environmental Resistance

The combined physical, chemical, and biological limiting factors that restrict the growth, abundance, or distribution of an organism or a population within an environment.

Communities

Social groups of any size whose members reside in a specific locality, share government, and often have a common cultural and historical heritage.

Environmental Resistance

The sum of environmental factors (like predation, competition, and disease) that limit the population growth of an organism.