The NYSE Has Listing Requirements That Include a Minimum

question 62

Multiple Choice

The NYSE has listing requirements that include a minimum
I. number of outstanding shares.
II. amount of pre-tax earnings.
III. market value of publicly held shares.
IV. number of shareholders owning 100 shares or more.

• A) I and IV only
• B) I, II and III only
• C) II, III and IV only
• D) I, II, III and IV

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Definitions:

Immaterial Variances

Small or insignificant differences between budgeted and actual figures that are not considered important enough to analyze in detail.

Fixed Overhead Variance

The difference between actual fixed overhead costs and the expected (or budgeted) fixed overhead costs.

Volume Variance

A financial term that represents the difference between the expected (budgeted) volume of production or sales and the actual volume achieved.

Spending Variance

The difference between the budgeted or planned amount of expense and the actual amount spent.