Which of the Following Is Not True Regarding Electronic Communications

question 81

Multiple Choice

Which of the following is not true regarding electronic communications networks (ECNs) ?

• A) They have a visible trading floor.
• B) Trades are executed by a computer network.
• C) They have been created in many countries to match orders between buyers and sellers.
• D) They allow investors to place orders on their computers.
• E) All of the above are true.

---

Definitions:

Variable Overhead Costs

Indirect costs of production that fluctuate with the level of output, such as utilities and indirect labor.

Budgeted Overhead Cost

The estimated costs associated with running a company that are not directly tied to a specific product or service, including rent and utilities.

Machine-Hours

A measure of production time, representing the total hours that machines are in operation during a specific period.

Spending Variance

The difference between the actual amount spent on a particular item and the amount that was budgeted for it.