One Reason Institutional Customers Will Use Block Houses Is Because

question 40

Multiple Choice

One reason institutional customers will use block houses is because

• A) they are guaranteed much lower commission charges.
• B) the specialists will raise the bid and lower the ask prices.
• C) they will get better prices for their orders.
• D) the orders are automatically placed in the specialist's book.

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Definitions:

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate.

June

The sixth month of the year in the Gregorian calendar.

Variable Overhead Efficiency Variance

The difference between the actual variable overheads incurred and the standard variable overheads expected for the actual production, due to efficiency.

February

The second month of the year in the Gregorian calendar, typically consisting of 28 days, or 29 in leap years.