Which of the Following Stock Exchange Organizational Forms Has No

question 28

Multiple Choice

Which of the following stock exchange organizational forms has no physical location?

• A) a futures exchange
• B) an over-the-counter market
• C) an auction market.
• D) none of the above.

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Definitions:

By-products

Secondary products that are produced incidentally in the process of manufacturing the main product, often with economic value and varying applications.

Net Realisable Value

The estimated selling price of goods, minus the costs of their sale or disposal.

Joint Costs

Costs incurred up to the split-off point in the process of producing joint products, which are not identifiable to individual products.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, contributing towards covering fixed costs and profit.