Carol Fisher Wants to Sell the Stock of Hathaway International

question 62

Multiple Choice

Carol Fisher wants to sell the stock of Hathaway International at the next available price after the market price reaches $50 per share.What type of order should she place?

• A)market order
• B)limit order
• C)stop order
• D)discretionary order
• E)common order

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Definitions:

Legal Administrator

An administrative employee of a law firm who manages day-to-day operations. In smaller law firms, legal administrators are usually called office managers.

Managing Partner

The principal executive officer in a law firm or partnership, responsible for running the firm's day-to-day operations.

Staff Attorneys

Lawyers who are employed by a firm, corporation, agency, or government entity to provide legal services internally.

Associate Attorneys

Associate attorneys are lawyers who are employed by a law firm or legal organization but do not have an ownership stake. They typically work under the supervision of more senior attorneys.