Most Trades on the NYSE Are Executed

question 72

Multiple Choice

Most trades on the NYSE are executed:

• A)by floor brokers on the exchange floor.
• B)independent brokers on the exchange floor.
• C)electronically.
• D)by designated market makers of the floor of the exchange.
• E)bydealers.

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Definitions:

Unused Capacity

The difference between a company's actual production and its maximum possible production without additional capital investment.

Job-Order Costing

An accounting method that tracks the costs associated with creating a specific product or delivering a specific service, making it possible to calculate the profit on individual jobs.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or services based on a selected activity base.

Automated Shaper

A machine tool that operates under programmed control to shape materials.