Electronic Communications Networks (ECNs)

question 82

Multiple Choice

Electronic communications networks (ECNs)

• A)have open access to the NYSE but no access to NASDAQ.
• B)totally replaced face-to-face trading on the NYSE in 2015.
• C)are available only to financial institutional traders.
• D)act to increase liquidity in the financial markets.
• E)are used solely by market makers to place bid and ask quotes.

Understand the concept and implications of cultural relativism in ethical judgments.

Recognize the impact of high and low power distance on organizational cultures and employee beliefs.

Describe the principles of character theories of ethics and their relevance to individual behavior.

Understand the role and importance of ethical theories in moral reasoning and decision-making.

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Definitions:

Budgeted Sales

The projected amount of sales revenue a company expects to earn over a specific period, often used for planning purposes.

Actual Sales

The real revenue generated from goods or services sold, measured within a specific period.

Implied Value

a value that is not directly stated but can be derived from given information through analysis or calculation.

Swiss Chalet Franchise

A business opportunity that involves becoming a part of the Swiss Chalet chain of restaurants, known for their rotisserie chicken.