The Commitment Concept Says That Plans Should ________

question 9

Multiple Choice

The commitment concept says that plans should ________.

• A) extend far enough to meet those commitments made when the plans were developed
• B) be done for as long a time period as possible
• C) be done for as short a time period as possible
• D) not commit to specifically meeting the goals made when the plans were developed

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Definitions:

First-day Returns

The percentage change in price of a stock or other security from its offering price on its first day of public trading.

SIPC

SIPC stands for the Securities Investor Protection Corporation, which is a nonprofit organization that insures investors' securities and cash in the event a brokerage firm goes bankrupt or faces financial difficulties.

Brokerage Firm

A company that acts as an intermediary between buyers and sellers of financial securities, providing investment services and advice.

Dark Pools

Private financial forums or exchanges for trading securities not accessible by the public.