A NYSE Member Who Trades Only for His or Her

question 65

Multiple Choice

A NYSE member who trades only for his or her own account is called a(n) :

• A) floor trader.
• B) specialist.
• C) individual broker.
• D) floor broker.
• E) house broker.

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Definitions:

Safety Stock

Extra inventory kept on hand to protect against stockouts caused by unpredictable demand or supply delays.

Lead Time

The total time taken from the initiation to the completion of a production process, including the time needed for all preparatory steps and actual manufacturing.

Kanban Size

The quantity of work or materials specified by a Kanban card in a pull-based inventory or production control system.

Setup Cost

The expenses incurred to prepare equipment or processes for manufacturing an order, including cleaning and tooling costs.