Which of the Following Statements About Saitoris in Japanese Stock

question 69

Multiple Choice

Which of the following statements about Saitoris in Japanese stock markets is incorrect?

• A) Saitoris maintain the limit order book but may not trade for their own account
• B) Saitoris have more responsibilities than NYSE specialists
• C) Saitoris act as dealers in the Japanese markets
• D) Saitoris are the principle source of liquidity in Japanese markets

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost of labor based on standard rates and hours.

Labor Standards

Benchmarks or norms for the amount of labor time required to perform a certain task or produce a certain amount of goods.

Particular Product

A specific item or good that is produced and offered for sale by a business.

Labor Efficiency Variance

A measure used in budgeting and cost management to analyze the difference between the actual hours worked and the hours that should have been worked, according to standards, for the actual level of production.