Which of the Following Statements Is Most Correct

question 42

Multiple Choice

Which of the following statements is most correct?

• A)Because a specialist is given the monopoly power to make a market on a particular stock, all trades must pass through the specialist.
• B)A specialist can also perform the function of a commission broker.
• C)A floor broker acts as an agent to execute customer's orders for securities purchases and sales.
• D)Each of the above statements is false.

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Definitions:

Endless Chain Referral Method

A method of prospecting whereby a salesperson asks each buyer for a list of friends who might also be interested in buying the product.

Salesperson

A professional who specializes in selling products or services to customers, using knowledge, persuasion, and interpersonal skills to achieve sales goals.

Refers

The act of directing someone to a different source or person for information, help, or action.

Referral

The action of directing someone to a different person or place for information, help, or action, often leading to new business opportunities.