ADR Trades

question 76

Multiple Choice

ADR trades

• A)clear in three days, just like trades in U.S. shares.
• B)settle only after the trade in the underlying stocks clear, which can take time depending on the clearing practices of the national market.
• C)are price in the currency of the underlying security.
• D)all of the above

Recognize the importance of measuring rotors during disc brake service.

Identify misconceptions about rotor rusting and the actual conditions under which rotors deteriorate.

Understand the criteria for rotor replacement or reconditioning, including machine-to, discard limits, and rotor examination parameters.

Learn how to measure rotor parallelism and the importance of appropriate tools in brake servicing.

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the expected costs based on the standard costs for the actual production volume.

Variable Manufacturing Overhead

Indirect production costs that vary with the level of production output, such as utilities or materials handling expenses.

Last Month

A reference to the immediate month preceding the current one.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard variable overhead expected, based on the actual activity level.