You want to buy stock in a dynamic electronics firm.You place an order that cannot be completely filled the first day,so you ask for a(n)
A)second chance.
B)market order.
C)open order.
D)day order.
E)extended order.

Question

Quizplus · Accepted Answer

An open order allows the investor to specify the quantity and price at which they wish to purchase the stock, but there is no time limit or deadline attached to the order. This means the order remains active until the specified conditions are met, and the investor can modify or cancel the order at any time. This is a good choice for buying stock in a dynamic electronics firm as the stock price may be volatile and an open order allows the investor to take advantage of favorable conditions over a longer period of time.

You Want to Buy Stock in a Dynamic Electronics Firm