The Most Common Type of Order Is Called a ________

question 82

Multiple Choice

The most common type of order is called a ________.It instructs the broker to obtain the best possible price-the highest price when selling and the lowest price when buying.

• A)fast order
• B)stock order
• C)market order
• D)limit order

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Definitions:

Opportunity Costs

The price paid when one skips the second-best option available in making a choice.

Economic Costs

The total costs of undertaking an economic activity, including both explicit costs and opportunity costs.

3-D Printers

Devices that create three-dimensional objects by layering material according to digital models, used in various industries for prototyping, manufacturing, and hobbyist projects.

Factory Costs

The total expenses incurred in the manufacturing process, including labor, materials, and overhead costs.