Max Wants to Invest in the Stock Market

question 89

Multiple Choice

Max wants to invest in the stock market. Although he has expert knowledge in trading in the stock market, he does not have the time needed to engage in these transactions and hence needs someone to buy and sell stocks on his behalf. In this case, Max should hire a(n) _____ to fulfill his requirement.

• A) angel investor
• B) discount broker
• C) securities dealer
• D) investment banker

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Definitions:

Disclosed Basis of Accounting

Refers to a specific accounting practice that a company uses and discloses to its readers, offering clarity on how its financial statements are prepared.

IFRS

International Financial Reporting Standards are globally accepted principles for financial reporting to ensure transparency, accountability, and efficiency.

Business Organizations

Structured entities formed to pursue commercial activities, with various legal forms including partnerships, corporations, and sole proprietorships.

Reporting Standards

Regulations and guidelines that govern the financial reporting process, ensuring the accuracy and consistency of financial statements.