A registered representative solicits an order from a customer to buy 200 shares of XYZZ at $50. The customer agrees and the regi
stered representative completes the order ticket and enters the order for execution. Once the member firm processes the order, the ticket record must contain all of the following information EXCEPT the time of order: (A) receipt
(B) entry
(C) execution
(D) confirmation
The ticket record will contain all the information except D) confirmation.
Explanation:
When a representative firm gets an order from a customer to buy some shares, after getting confirmation from customer they will complete the ticket order and than it will process the order for execution and at that time ticket record will contain information regarding receipt , entry , and execution but not confirmation because confirmation depends upon the various factors like type of order, market liquidity , open or close market etc.
Smaller companies with smaller production processes have higher per unit costs than larger companies. - smaller firms find it harder to adopt economies of scale to reduce costs.
Over time, a firm takes control of 85% of the world’s supply of a chemical used in the production of plastic. - the firm has almost total control over a scarce resource, and new competitors have to scramble for the remaning 15%. (note: this is a natural barrier to entry as long as the pharmaceutical company did not collude with the government to reach such a high market share, in said case, it would be an artificial barrier to entry).
Lenders are hesitant to provide funding for new firms that will compete with a large, well-established firm. - a small firm may lack market credibility in the financial markets, because investors are hesitant about the future of the company, or do not expect high rates of return.
Option D is correct because supply chain management is the management of the processes and resources required that flow from the suppliers to the end to the final customer. This also includes the management of stock rooms, raw materials, inventory and internal information as well.