The orders that are transacted at specified price are considered as ___________?
Correct answer: B. limit order
- A. red herring order
- B. limit order
- C. unlimited order
- D. assets order
Explanation
A limit order instructs the broker to buy or sell only at a stated price or a more favourable one. An unlimited or market order does not set a specific transaction price.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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