Requests by Customers to Purchase or Sell Securities at a Specified

question 7

Multiple Choice

Requests by customers to purchase or sell securities at a specified price or better are called

• A)market orders.
• B)limit orders.
• C)short-selling.
• D)stop-loss orders.

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Definitions:

Office Equipment

Assets like computers, desks, chairs, and printers that are used in an office setting for the operation of the business.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life.

Accumulated Depreciation

Overall depreciation expense tallied for a fixed asset since it started being used.

Accrued Salaries

Salaries that have been incurred but not yet paid, representing a liability for the company until payment is made.