Which of the Following Orders Instructs the Broker to Buy

question 31

Multiple Choice

Which of the following orders instructs the broker to buy at or above a specified price?

• A) Limit-buy order
• B) Discretionary order
• C) Limit-sell order
• D) Stop-buy order
• E) Market order

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Definitions:

Profit-maximizing

The method of modifying manufacturing and selling tactics to obtain the maximum profit achievable.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Marginal Cost

Refers to the increase in total production cost that comes from making or producing one additional unit.

Increased By

A mathematical operation indicating that a certain value should be added to another value, resulting in a larger amount.