Which One of the Following Is a Trader Whose Trades

question 42

Multiple Choice

Which one of the following is a trader whose trades are not based on meaningful financial analysis or information?

• A)specialist
• B)arbitrageur
• C)noise trader
• D)sentiment trader
• E)market maker

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Definitions:

Direct Labor Price Variance

The difference between the actual cost of direct labor and the expected (or standard) cost of direct labor used during production.

Direct Labor Payroll

The total amount of money paid to employees directly involved in manufacturing products or providing services.

Standard Rate of Pay

The regular amount of pay given for standard work hours or for performing a standard task or job.

Unfavorable Variance

The difference between actual costs and standard or budgeted costs when actual costs are higher, indicating lower profitability.