Which One of the Following Is the Electronic System Used

question 21

Multiple Choice

Which one of the following is the electronic system used by the NYSE for directly transmitting orders to specialists?

• A)OTCDOT
• B)SuperDOT
• C)Instinet
• D)Internet
• E)Floornet

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Definitions:

Measurement Principle

A financial accounting principle that determines the specific basis (historical cost or fair value) on which assets and liabilities are recorded in the financial statements.

Actual Cost

The incurred cost that reflects the real financial expenditure on a project, purchase, or activity.

Accounting Equation

The fundamental equation of double-entry bookkeeping, represented as Assets = Liabilities + Equity.

Liabilities

Obligations owed by a business to either creditors or suppliers, often in the form of loans or accounts payable.